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June 11, 1993 | TOM PETRUNO
Robert Prechter, perhaps the best-known stock market guru of the 1980s, is visiting the Oracle at Delphi in Greece this month. It's a family vacation, he told his newsletter subscribers in their May 28 issue. But it's also "the only way I would be able to resist the self-destructive urge to go on national TV and announce the end of the bull market," he added. If you remember the 1982-87 bull market, you may remember Prechter.
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BUSINESS
June 11, 1993 | TOM PETRUNO
Robert Prechter, perhaps the best-known stock market guru of the 1980s, is visiting the Oracle at Delphi in Greece this month. It's a family vacation, he told his newsletter subscribers in their May 28 issue. But it's also "the only way I would be able to resist the self-destructive urge to go on national TV and announce the end of the bull market," he added. If you remember the 1982-87 bull market, you may remember Prechter.
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NEWS
October 23, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
The stock market dashed investor hopes for a quick and durable turnaround Thursday as the Dow Jones industrial average fell by 77.42 points, its sixth-largest point loss ever. The decline came after a two-day rally recovered more than half of Monday's record 508-point loss in the Dow.
BUSINESS
October 11, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
A few predictions for the next century: The tax system will be overhauled, if not abolished altogether. Politicians will be among the most respected members of society. And the United States will enter an era reminiscent of the glory days of England in the 17th Century, complete with castles, grand balls and bejeweled clothing. And forget cautious speculation about when the Dow Jones industrial average will break 4,000.
BUSINESS
October 11, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
A few predictions for the next century: The tax system will be overhauled, if not abolished altogether. Politicians will be among the most respected members of society. And the United States will enter an era reminiscent of the glory days of England in the 17th Century, complete with castles, grand balls and bejeweled clothing. And forget cautious speculation about when the Dow Jones industrial average will break 4,000.
BUSINESS
May 9, 1989
The Dow Jones Industrial Average has fallen seven straight days and investors and institutions are sitting on the sidelines trying to determine what the future portends, according to Irving Katz, director of research for Thomas Green/San Diego Securities. Meanwhile, Elliott Wave guru Robert Prechter, who partially predicted that the market would move up during the 1980s, now has joined the "gloom- and doom-sayers" who are forecasting a severe depression, Katz said. San Diego stocks remained oblivious, however, with nine stocks recording new yearly highs the past week.
BUSINESS
October 7, 1987 | Associated Press
Robert Prechter, whose reportedly negative comments played a role in Tuesday's steep stock market decline, is a "technical" analyst who rose to prominence with the bull market of the past five years. Prechter, 38, has published an advisory letter, the Elliott Wave Theorist, based in Gainesville, Ga., since 1978.
BUSINESS
June 1, 1992 | JAMES BATES
Don't bother trying to predict the outcome of this year's presidential race before making an investment decision. There already is ample evidence of a bear market ahead, at least according to maverick stock market pundit Robert Prechter. In his "Elliott Wave Theorist" newsletter, the guru of Gainesville, Ga., notes the following: * A major top in the market is clear because Johnny Carson has left "The Tonight Show" and "The Cosby Show" has ended its run.
BUSINESS
July 7, 1986 | From Times Wire Services
Stock prices took a record-setting drop today in selling touched off by economic worries and bearish statements by some prominent analysts. The Dow Jones average of 30 industrials fell 61.87 to 1,839.00, exceeding its previous record point loss of 45.75 points on June 9 of this year. Far greater percentage declines than today's 3.25% have occurred in the past, when the average was at much lower levels. But that was small consolation to traders counting up their losses today.
BUSINESS
December 28, 1992 | JAMES BATES
Lakers owner Jerry Buss marketed via a toll-free number 8-by-10-inch pieces of the original Forum basketball court for $995 each, or $12.44 a square inch. . . Investment guru Robert Prechter predicted the market would peak because Johnny Carson retired as host of "The Tonight Show". . . First Hawaiian Bank solicited Hollywood producers to film the blowing up of its former headquarters. . .
NEWS
October 23, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
The stock market dashed investor hopes for a quick and durable turnaround Thursday as the Dow Jones industrial average fell by 77.42 points, its sixth-largest point loss ever. The decline came after a two-day rally recovered more than half of Monday's record 508-point loss in the Dow.
BUSINESS
June 28, 1993 | JAMES BATES
A mysterious classified ad buried in the Wall Street Journal last week said that a 1.88% interest in the Los Angeles Raiders is for sale. No price was listed nor was there any disclosure of who is selling the tiny fraction of the Al Davis-controlled team. The only other information was a post office box in Occidental, Calif., north of San Francisco. Some Raiders executives are puzzled as well.
BUSINESS
March 10, 2009 | Tom Petruno
Even in the worst bear markets, stocks are supposed to bounce periodically. Monday, however, brought no sign of a bounce, as the major stock indexes lost at least 1% after tumbling 6% or more last week. Things have gotten so bad this year, both in terms of the depth of the market's losses and investor pessimism, that many Wall Street pros say a significant rebound must be imminent. The numbers are mind-bogglingly awful.
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