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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks

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To: Jack Hartmann who wrote (5502)2/9/2008 11:30:21 PM
From: richardred  Read Replies (3) of 6927
 
Jack I pulled out my 1987 Journal Cover page. Actual snips . You might be amused by some.

Headlines and snips

- The Crash of '87 STOCKS PLUNGE 508.32 AMID PANIC SELLING
Percentage Decline is Far Steeper than 29 Precious Metals Gain.

A Repeat of 29?
Depression in 1987 Is Not Expected

The Market Debacle Rouse Worst Fears Of Little Investors. Many are beginning to Talk In Terms of Doomsday. Big investors Are Braver.

The US Bombarded an Iranian oil platform in the Persian Gulf. The strike by US Navy Warships was ordered by Reagan in retaliation for Friday's attack to a US flagged Kuwaiti tanker by Tehran's forces.

Attack on Iranian Site wins Praise but Means Violence May Escalate. U. S. Says Strike Shows It is in the Persian Gulf to Stay. Congress Remains Uneasy Soviet Role is Called Unlikely.

Treasury bonds prices rallied from an early slide winding up with huge gains. Some 30 Treasury issues closed up over 3 points. The dollar also plunged in early trading, but recovered slightly.

Gold surged to 4 1/2 years highs in reaction to the stock market crash and Mideast tensions. But a broad range of commodity prices fell.

The Plunge by London stocks could threaten a record 12.2 billion offering by British Petroleum later this month. Meanwhile the record drop in France bourse could have political repercussions.

Treasury Secretary Baker met with West German officials, winning a small victory as Bonn moved to stem a recent rise in interest rates. Both countries hinted after the meeting that the February accord to stabilize exchange rates may be altered.

Nakasone Selected Noboru Takeshita to succeed his as Japan's Premier.

The Supreme Court failed to resolve a dispute over the Reagan Administrations interpretations of Federal Immigration law.

The Supreme Soviet convened a two day session to review the first two years of Gorbachev's current five year economic plan.
Thr 1500 member nominal parliament meeting in the Kremlin, heard criticism of the countries failure to meet targets in light manufacturing and machine building

The Supreme Court agreed to rule on the constitutionality of a federal law that allows banking regulators to suspend bank officers indicted for dishonesty or breach of trust.

J P Morgan posted a 3.6 rise in third quarter profit, citing lower loan loss provisions and taxes.

Henley Group said it discussed possibly buying Santa Fe's Southern Pacific railroad and other assest but that those talks have ended.

Lotus Development's profit more than doubled in the quarter, helped by surprisingly strong spreadsheet sales. Microsoft's net rose 34% while its sales growth matched Lotus's.

IC Industries plans to buy as much as 1 billion of its common shares and is considering selling its aerospace unit, valued at over 1.5 billion.

Ford's Motor's negotiations to acquire American Savings & Loan have accelerated.

GAF' chairman Sam Heyman said he is reconsidering his 2.3 billion proposal to take the company private, citing the rise in interest rates.

AT&T's profit fell 5.3% in the third quarter, partly because of special charges. But revenue rose slightly reflecting growth in long distance business and strong sales of phone switches to phone companies.

Markets

Volume - 604,330,00 shares

Dow Jones Industrials - 1738.42 off 508.32

Transportation 776.87 off 164.76

Utilities 160.98 off 29.16

BONDS- Shearson Lehman Treasury Index- 1152.47 up 22.14

COMMODITIES- Dow Jones Futures Index -132.59 off 1.29 spot index 128.05 off .09

DOLLAR- 141.32 yen off 1.12 1.7718 marks off .0257

Today's Contents

Health-Insurers struggle in the face of costs, competition

Who's Who-Media buyers scores a coup with Walt Disney deal

International- Propagaganda war slows peace plan in Nicaragua
Swedes question prision system after spy's escape.

Politics and Policy- Congress defers action on budget deficit.

Review & Outlook -Market plunge signals need for dollar defense

Opinion- James Baker should have kept his thought to himself
GOP Bork case must show defeat Southern Democrats

Leisure & Arts Louisville Orchestr's Sound Celebration.

RR

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