Word: nasdaq
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Dates: during 2000-2009
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...Especially when 50 percent of the former has a part of its daily wealth riding on the latter. The drift of the Dow and NASDAQ has been cited as a possible predictor, even a determining factor, of a national election meant to set a course for a full four years, which is quite a large sample of what used to be called the business cycle. Yet at election time, a voter can use the markets to sample his own heart; after all, every investor would prefer to vote with his broker's blessing...
Since 1995, the Yankee roster has been as volatile as the NASDAQ and as endearing as a presidential convention...
...bloodbaths, in which investors tear their hair out and run shrieking from the room. Traders insist that while there has been tech overselling this month - overselling that was drawing buyers Tuesday - it just doesn't feel like it's run its course. Not to mention that every one of NASDAQ's 5 percent days has been met with selling soon after...
...Suddenly everybody's a tech-stock bargain hunter as investors decided Tuesday they'd had enough of the blues and bought the NASDAQ up 177 points by the close. Cisco cleared its personal floor of $50 again, Oracle hit $34, and dot-commers Expedia and eToys got a few bonus points for losing less money than everybody expected. Is this the floor of floors...
...that the end of October - traditionally the month of earnings news, tax-loss selling by mutual funds and bottoms (not a coincidence) - a Dow afire for three straight sessions and an election about to conclude, and we've got indications that the 3,000 milestone may belong in NASDAQ's rearview mirror...