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Article: The incredible bull market just wont quit. (bull market)
- Article from:
- U.S. News & World Report
- Article date:
- April 13, 1987
- Author:
CopyrightCOPYRIGHT 1987 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The incredible bull market just won't quit
For a while, it looked like the marathon bull market might come to a screeching halt. At least, it seemed, Wall Street's long-awaited "significant correction" had begun. But when the week was over, stocks were once again hitting new highs. The turn of events was dramatic evidence that with so much money chasing stocks these days, even bad news, like a hike in the prime rate, doesn't seem to count for much.
On Monday, March 30, the specter of a U.S.-Japan trade war sent shares reeling in New York and Tokyo. Jittery investors dumped so many shares, the Dow Jones industrial average skidded more than 80 points in ...