Word: crashing
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Dates: during 1990-1999
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...good news is that the New York stock market recovered quickly from its worst one-day crash in history (a free fall of 508 Dow Jones points in 612 hours on Oct. 19, 1987) and climbed back to its pre-crash high of 2722. The bad news is that if adjusted for inflation, the Dow would have to reach 3900 to match where it was as far back...
Most Bullish Stock Market. Hardly daunted by such trifling matters as the 1987 crash, the Tokyo Stock Exchange zoomed to 38,040 points on the Nikkei average last week, a gain of 500% from the start of the decade. By comparison, Wall Street's Dow Jones average rose...
...called smokeless cigarette, tasted like burning plastic. New Coke wasn't the real thing. The Pontiac Fiero caught on fire, literally, then flamed out. Home banking via personal computer was for nerds. All-suite hotels went up, then stood vacant. And portfolio insurance may have helped cause the crash...
Humblest Billionaires. Pickup-truck-driving Sam Walton, 69, built his Wal-Mart discount chain from 276 stores at the decade's start to 1,379 locations by the end. When the '87 crash temporarily erased $2 billion of his personal fortune, he quipped, "It's paper anyway. It was paper when we started, and it's paper afterward." Warren Buffett, 59, the cowlicked Oracle of Omaha, built a $7 billion fortune on Wall Street by investing the old-fashioned way: buying stock and holding it. Said Buffett: "The market, like the Lord, helps those who help themselves...