That's Steam Not Smoke On Wall StreetJeffrey M. Laderman
Stock market investors are sweating, and it's not just the weather. What's frightening them is that the Dow Jones industrial average is near its all-time high of 3568, the dividend yield on the Standard & Poor's 500-stock index has dropped to a dangerously low 2.8%, and some market gurus are comparing today's market to August, 1987, when stocks peaked and then began a tailspin that ended in the October crash.
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