Word: peaks
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Dates: during 1980-1989
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...however, the economy remains upward bound. Said Alan Greenspan, a New York consultant who was President Ford's chief economic adviser: "The slowing from the peak pace of last year has been remarkably modest. And far more important, there is no evidence of imminent deterioration...
...reignite the market rally. His opinion: "I think people are through overlooking the deficit problem." For now, Cooperman expects the Dow Jones average to dip as low as 1050 before the current decline ends. That drop would represent a nearly 20% fall from the indicator's November peak. Says Cooperman: "That would not be unusual in the context of a bull market correction...
...market strategist at Purcell, Graham, a New York City investment house: "Wall Street is saying this do-nothing attitude about the deficit can't go on. Investors have lost confidence in the Administration's ability to deal with its fiscal affairs." Since the Dow hit a peak of 1286.64 in early January, the market has tumbled 10% from its high; investors in the more than 5,000 stocks that make up the Wilshire Associates' equity index have become $158 billion poorer...
These daredevil exercises were a rehearsal for Challenger's April voyage, when its crew will try to recover and repair a $150 million scientific satellite called Solar Max (for Solar Maximum Mission), which was launched in February 1980, at the approaching peak of the solar cycle, to gather information on the effects of the sun's activities on the earth. The robot observatory has been crippled for the past three years because of a minor electrical problem. Flying to the satellite with his manned maneuvering unit (MMU), an astronaut will attach himself to the ailing bird. Then...
Lynn Williams, acting president of the United Steelworkers, chided U.S. Steel for using money to buy up-to-date facilities instead of improving its own. The union is worried that the merger will further erode its membership, now down to 250,000 from a postwar peak...