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Article: Could You Handle A Bear Market?
- Article from:
- Chicago Sun-Times
- Article date:
- May 14, 1996
- Author:
CopyrightCopyright 1996 Chicago Sun-Times. (Hide copyright information)
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Gasoline gets more expensive, and a national witch-hunt ensues to
find the culprit.
"It's just market forces," the oil companies plead. But
naturally, nobody buying unleaded is buying that explanation.
Leap ahead a year or so. Let's assume U.S. stocks are in the
throes of a bear market and the Dow Jones industrial average is down
about 25 percent from its peak of last month.
Nothing out of the ordinary about a decline like that,
historically.
"It's just market forces," Wall Street says.
But the public is hopping mad and demanding redress. Lawsuits
are multiplying like bacteria. Congress launches inquiries. How
could this plunge occur so soon after individual investors pumped ...