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August 2002
Wine Business Stock News
Major news this month is that the market is down, down, down. The fallout from debacle engendered by the (apparently corrupt) executives of Enron, Arthur Anderson, Global Crossing, Worldcom, et alia has panicked investors enough to seriously affect the usually recession-proof drinks sector. During June the Dow continued its slide, falling 6.87%. Meanwhile, the Nasdaq Composite likewise fell 9.44%. Not to be left out, the S&P 500 dropped a comparable 7.25 from May's closing value. Demonstrati...
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