Word: streets
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Dates: during 1980-1989
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Resistance to this recognition lay within ourselves. It was hard to recognize that we were in a dead-end street or that what we were protecting was not socialism but dictatorial state socialism...
...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...looming anniversary of 1987's crash had prompted many on Wall Street to search for comparisons between 1987's boom and this year's. In an investor newsletter dated Oct. 1, Shearson Lehman Hutton cited twelve ways in which this year's rally seemed more likely to last. Among them...
Last year's investment association president said he also thought the Wall Street contest was far from realistic...
Still, several participants agreed that the contest is a valuable experience for anyone interested in gaining access to Wall Street...