Word: nasdaq
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Dates: during 2000-2009
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...sucked money into the Japanese stock market, which soared 300% from 1985 to 1990. Treasury Secretary Robert Rubin's strong-dollar stewardship did much the same for the U.S. stock market in the 1990s. The boom was characterized in Japan by inflated land prices, in the U.S. by the NASDAQ. Japan in its heyday, and the U.S. in its later boom, both experienced huge boosts in worker productivity, high growth and low inflation. Japan's manufacturing and management prowess were held up as a new model; in the U.S., technology was the salvation. Both countries were thought...
...their worst rout in two decades. The Dow's all-time high of 11,723 came on Jan. 14, 2000, and it has since fallen 16%. That's nothing compared with the 25% decline since last March in the more tech-exposed S&P 500. The tech-laden NASDAQ has plunged 63% since its peak a year ago, the worst drubbing for a major stock index since the Depression...
...lost was the casino's money. Still, it's causing consumers to pull back somewhat. Retail sales went negative in February, a third drop in five months. Consumer confidence is at more than a four-year low. Any further market losses could multiply the gloom exponentially because, with the NASDAQ at a 2 1/2-year low, the casino's money is about gone. The next dollar lost for many will be money earned at work, not in the market...
...rates were cut swiftly three times in a row, the Dow has been higher one year after the third cut on 12 occasions. A cut this week would be the third this go-round. The median gain in the 13 cases was 25%, according to Ned Davis Research. The NASDAQ, which came into being in 1971, has never been negative a year after a third consecutive rate cut, and its gains have also been impressive...
...results have been plunging profits, mass layoffs and imploding stock values for companies that had been NASDAQ supernovas and among the chief reasons for the stock market's rise. At BlueStone Capital Securities, an index of 13 fiber-optic heavyweights that includes Lucent, Cisco, Nortel and JDS Uniphase has fallen 78% since last July, a plunge that has cost investors more than $1.1 trillion in market value. The percentage decline exceeds the drop for NASDAQ as a whole, which fell 51% over the same stretch...