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| Author: | Wooley, S. Foust, D. |
| Title: | "We're on uncharted ground" |
| Journal: | Business Week
1996 : DEC 9, VOL. 3437:819, p. 30-32 |
| Index terms: | MARKETS USA ECONOMICS |
| Language: | eng |
| Abstract: | Investors are pinching themselves, and still the Dow soars. As jaws drop in amazement all along Wall Street, the Dow Jones industrial average is making a rip-snorting run up the charts, gaining 541 points, or almost 9%, in just one month. Is this latest sprint the bull's last hurrah - or the prelude to a prosperous New Year? Not even the best and brightest on Wall Street predicted that the dow could move at such an astonishing pace. Many strategists began the year believing the Dow would gain just 5% in 1996, well below its historical average of 10 or so a year. |
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