Word: dow
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Dates: during 1990-1999
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...have seen the future of the American economy, and its name is NASDAQ. The tech-heavy stock index continued its surge into record territory Thursday morning, after Wednesday's historic breaking of the 4,000 barrier. And while the good new continued for the Dow and the S&P 500, both of which surged in the last trading session before Y2K, neither has been able to match the NASDAQ comebaq. That index's outperforming of both the Dow and the S&P may make 1999 the year tech stocks finally silenced their naysayers. "The NASDAQ represents the vanguard...
...that there'll be a reduction in capital expenditure on technology once the Y2K problem has passed - companies are more likely to maintain that investment in order to stay ahead. There may be a shakeout in the NASDAQ in the coming months, but it will probably still outperform the DOW and S&P again next year, and in the foreseeable future...
...Dow continues to rise and unemployment figures fall to record lows, a tight labor market challenges retail store managers who need extra staff to maximize profits from holiday shoppers...
Since 1950, those three months have produced more market gains than the other nine months combined. And we're at it again. Since Oct. 31, the S&P 500 is up 5.2%, the Dow 5.2%, the NASDAQ composite a heady 19%. Yet many investors are sitting on the sidelines, waiting out the Y2K fiasco. (You know, mayhem that would make Moses proud when computers misread 00 as 1900 on Jan. 1.) Yes, stock prices could unravel if Y2Khaos really occurs, or if anything else for that matter ignites a panic. Can you say higher interest rates? But serious jitters seem...
...sure about his melt-up prediction: a 20% Dow gain in the first quarter, Cleland forecasts. But I buy into the case for a strong market big time. Many companies fund their pension obligations in January, giving the market a boost. And there really is a January effect. Stocks that had been sold purely to lock in tax benefits the previous year tend to get noticed and bid higher early in the New Year, often resulting in a rally led by small stocks. There will have been plenty of tax selling by the end of this year. Roughly...