(2002-08-02) — The major stock indexes all finished lower today due to jittery investors’ concerns about stocks declining in price.
The Dow Jones Industrial Average (DJIA), NASDAQ, Standard & Poor’s (S&P) and other financial measures all dropped 2-to-4 percent on news that stock prognosticators had predicted a 2-to-4 percent slide in stock prices.
Legg Mason’s VP of Self-Fulfilling Predictions said he expects the downward slide to continue, and so he recommends that “everyone sell every last share of stock you can.”
Also today, journalists at a national conference of major business publications decided the continue referring to a high-volume stock trading day as “a major sell-off”. A proposal to start calling it “a major buy-up” was unanimously defeated.

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