Word: p
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Dates: during 1990-1999
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...from 28% to 20%. The '81 cut was rolled back in '86. After the '78 tax act, the Standard & Poor's 500 dropped 11% in six weeks as investors sold stocks in order to record gains that would be taxed at the new low rate. In '81, the S&P 500 plunged 15% in six weeks. Later the markets took off as investors sought low-tax opportunities. The '78 sell-off paved the way for a two-year runup that enabled the S&P 500 to snap out of a 14-year funk. The '81 sell-off set the stage...
...accomplished and so kind; a model for young students," said Andrew P. Metrick, assistant professor of economics...
...putting a booster in the P-38. The strike leader can always use a little extra power...
...Shelia P. Burke, who most recently served as Chief of Staff to former Senate Majority Leader Bob Dole, accepted the position of executive dean last fall, and Professors of Public Policy Jane J. Mansbridge and Katherine Newman were recent faculty recruits. Prior to the new hires, the Kennedy School in the 1996 University Report on Affirmative Action listed four women in a senior faculty totalling...
...maybe it really is the active money managers--that other 90%--pushing up the price of blue chips, and for what passes as good reason. If so, it doesn't necessarily follow that stocks in the S&P 500 are especially vulnerable. I'm not saying this is the time to buy an S&P 500 index fund. I would be wary of all stocks at current levels, and if I were desperate to buy something, I'd probably choose a road slightly less traveled, say a small-company or overseas index fund. But I certainly wouldn't ditch...