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Essay / Research Paper Abstract
This 5 page paper critiques an article that appeared in the Wall Street Journal in the tumultuous month that witnessed plunges in the Nasdaq. Specific information is provided and Microsoft is discussed. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA017Wal.rtf
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Unformatted sample text from the term paper:
on margin are most affected and in general, things are not copacetic. With such fears, one would hope that analysts would give people comfort, or at least the truth. For
many, it is important to know what is going on and although no analyst has a crystal ball, many should be able to provide a good analysis and a careful
financial reporter should be able to capture the essence of the Street. An inkling of what is to come should emerge. In the April 25, 2000 edition of the Wall
Street Journal, an article was entitled "Tech Issues Fall, as Nasdaq Drops 161.40 Points," and while technically it was true, Ewing failed to project just what will happen to the
market. He notes for example, towards the end of the piece, that technically due to the drop, it qualifies as a bear market, but in reality that is not the
case. The truth is that no one can say that definitively. And as usual, the market surprised everyone on that fateful Friday when day traders and nouveau investors who bought
on margin were trembling. It happened the day before the dreaded April 15th tax deadline where some of these investors would have to pay capital gains taxes. Still, about ten
days later, no one on the Street is really sure what the future holds. Certainly, Terzah Ewing does not know. That is evident. Ewing began his piece as follows: "It
was bad, but it could have been a lot worse" (Ewing, 2000, p.C1). That may be true, but try telling that to the people who lost their shirts on Friday
the 14th and were unable to recoup even after Monday showed some promise. He reported that many traders were not upset, and attributed that to the fact that the Dow
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