New bull market for old economy

Article Abstract:

The Dow Jones industrial average hit its largest point ever as a result of investors' scramble to buy old-economy stocks while they are still cheap. The Dow rose by 4.9%, or 499 points, to 10,631 on Thursday, Mar 18, 2000, while the Nasdaq composite index finished the session with a 135 increase, or 2.9%, to 4,717. Despite the tremendous gain recorded on Thursday, there is still plenty of room for more gain since the 30 Dow stocks are still 22% off their 52-week record highs on average.

Securities and Commodity Exchanges, Securities prices, Securities Exchanges

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IPO boom proves boon for 'experts'

Article Abstract:

The numbers of self-proclaimed IPO `experts' are expected to decline because the prices of IPOs no longer double or triple on their first offering day. The image of IPO experts has been tarnished by the fact that some of them do not even have financial backgrounds and there is no certification for IPO analysts. Some IPO analysts have realized that the market for their services has become uncertain and have sold their firms to larger entities.

Market information - general, Investment Advice, Investment Advisory Services

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