Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Correction Time?


In Business This Week: CLOSING BELL

CORRECTION TIME?

An hour before close on Nov. 22, stocks entered a swan dive that, by day's end, had shaved 91 points from the Dow Jones industrial average. That brings November's loss to 230 points, or 6%. Reasons for the slide are familiar: fear of higher rates, power struggles in Washington, and weak overseas markets. It was also clear that institutional investors are making massive shifts into higher-yielding assets. While Treasury bills stand at 5.5%, stock dividends remain below 3%. Says Wall Street pro Robert Stovall: "Those yields make awfully keen competition for stocks."EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus