Word: stocke
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Dates: during 1990-1999
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...godless Washington pinheads, and your collar heats up, your toupee flies up in the air, your pants fill up with bricks, and you send in a check for $50 to save the country, but there are not so many outrages these days. The economy is humming along, the stock market continues to levitate, and hardly anybody cares about foreign policy. There is only Monica...
...that's terrific news. In general, it means you get access to timely research, lower commissions, better service and, increasingly, Wall Street's top money managers. A few years ago, Warren Buffett created a lower-priced Berkshire Hathaway stock, dubbed "Baby Berkshires," to satisfy retail demand. Now the venerable pension-fund manager Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), also known as the Teachers, has gone downmarket...
...seems illogical that a group of money sharps acting half a world away could have any effect on the seemingly bulletproof U.S. economy. But the stock market's swoon--the Dow industrial index was off some 450 points in the past two weeks--is directly linked to the deepening trouble in Asia, which represents only 30% of American exports but about 100% of American worries. Cheaper Asian goods, made possible by currency devaluations, have caused the U.S. trade deficit to balloon: America is buying more from the Pacific rim and selling less. While that's good for companies like...
...survey the bidding. The market low (based on closing prices) for the past five months was reached Friday. The average NASDAQ stock was down 39% from its 52-week high, and the average stock on the New York Stock Exchange was down 30%, according to Salomon Smith Barney. The average decline in stocks of very small companies (market value under $250 million) was a staggering 47%. Those are major losses, masked by the more visible Dow decline of just less than...
...YORK: The Kremlin is filling up with familiar faces, and Wall Street is nervous. You should be too. "I'd be very wary of doing anything in the stock market this week," says TIME business reporter Bernard Baumohl. "Everyone's very, very nervous about Russia -- expect the markets to stabilize at best, and possibly show a net loss...