Word: joneses
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Dates: during 2000-2009
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Roller-coaster rides are not unusual for China's stock markets, which sometimes resemble a casino in Macau. What happened next, however, was decidedly unusual. Investors in New York's equity markets woke up, saw that Shanghai had tanked, and had a collective heart attack: they sent the Dow Jones...
Roller-coaster rides are not unusual for China's stock markets, which sometimes resemble a casino in Macau. What happened next, however, was decidedly unusual: investors in New York's equity markets woke up, saw that Shanghai had tanked, and had a collective heart attack: they sent the Dow Jones...
A more sensible explanation for the panicked reaction in other markets to the tailspin in Shanghai is that it was simply an excuse to take some money off the table. The Dow Jones industrial average, for example, had recently hit all-time highs, having gone up for five straight years...
That helps to explain why, for example, Japan's stock index took such a hit on Feb. 28 after approaching a seven-year high earlier in the week. Toyota, Sony et al would surely feel it if a slowdown in the U.S. proves sharper than expected. But will it? On...
As the Dow Jones industrial average fell a startling 416 points on Tuesday - at one point it was down more than 500 - concerns heightened about the fate of the U.S. economy. A 9% downdraft in Chinese stocks earlier in the day triggered the selling on Wall Street, while some downbeat...