Image Credit: Christophe Vorlet By Jason Zweig | July 10, 2010 12:01 a.m. ET Could the Dow really drop 90%? Earlier this month, in an interview that was widely circulated online, market analyst Robert Prechter predicted that the Dow Jones Industrial Average will fall below 1000 within the next six years. The Dow promptly surged back above 10000, but it is...
Read MoreThe Demise of the IPO—and Ideas on How to Revive It
Image Credit: Christophe Vorlet By Jason Zweig | June 25, 2010 12:01 a.m. ET Where have all the companies gone? The number of U.S. firms with publicly traded stock has dropped by half in the past decade. Ten years ago, around 9,100 companies filed annual proxy statements with the Securities and Exchange Commission. Last year, roughly 6,450...
Read MoreSo That’s Why Investors Can’t Think for Themselves
Image Credit: Christophe Vorlet By Jason Zweig | June 19, 2010 12:01 a.m. ET From February through May, the Dow Jones Industrial Average gained more than 1000 points in an almost uninterrupted daily march upward. Then came the “flash crash” of May 6 and day after day of losses through May. Now, in mid-June, the market has been up six of...
Read MoreThe 11-Year Itch: Still Stuck at Dow 10000
Image Credit: Willem van de Velde the Younger, “Ships Near the Coast During a Calm” (ca. 1660), Rijksmuseum By Jason Zweig | June 12, 2010 12:01 a.m. ET Will Dow 10000 turn out to be a long replay of Dow 1000? Last week, the Dow Jones Industrial Average rose above 10000—again. Since March 16, 1999, when it first touched 10000 in intraday...
Read MoreHey, Money Managers, Stop Putting the Squeeze on Investors
Image Credit: Christophe Vorlet By Jason Zweig | June 5, 2010 12:01 a.m. ET With the markets serving up nothing but lemons, it is high time Wall Street started helping investors make lemonade. Stocks have gone nowhere for a decade, bond yields are near record lows and you couldn’t find the return on your money-market fund if you put it under an...
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