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DOThe two-character ISO 3166 country code for DOMINICAN REPUBLIC.DO Similar MatchesDollar drainDollar drainThe impact of importing from foreign countries more than exporting to them. The money required to finance the import purchases removes dollars from the importing nation. Dow theoryDow theoryIn 1887 Charles Dow (as in 'The Dow Jones') developed two stock market 'averages':The Industrial Average, made up of 12 blue chip stocksThe Rail Average, made up of 20 railroad companiesIn 1900 he wrote a series of articles noting that the direction of prices in each average appeared to be based on a set of rules. Collectively, these became known as The Dow Theory and the key precepts are summarised below.Dow TheoryA share price reflects everything that is known about a stockThis means that all the positives and all the negatives about a company are assumed to be known by the market and built into the share price. Implicitly, no stocks are undervalued, because the market has 'perfect' knowledge.At any given time, there are 3 trends unfolding in the stock market:The primary trend lasting for more than one yearThe secondary trend which is a corrective reaction to the primary trend and usually lasts form one to three monthsThe tertiary or minor trend which is a short term movement lasting from one day to three weeks.Primary trends have three phasesAggressive buying by well informed investors ahead of economic recovery while most investors are still bearish about the marketGeneral buying by the majority of investors as company earnings pick up and economic conditions improveHeadlong rush into stocks by everybody, as companies report record earnings. Meanwhile, the well informed investors are starting to sell even though prices may be rising.Volume Confirms the TrendRallies in the market are accompanied by increasing volume, and falls with decreasing volume.A Trend Continues Until a Reversal SignalIf a primary trend is confirmed by the movement of both averages it will continue until there is a definite reversal signal. So once a primary trend has started the chances are it will continue, but once it has been around for a while the chances of continuation are less. Endogenous protectionEndogenous protectionProtection that is explained as the outcome of economic and/or political forces. See political economy of protection. Mutual exclusion doctrineMutual exclusion doctrineThe doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities. Doorway pageDoorway pageA Web page deliberately created and/or optimized to rank well for a certain keyword phrase(s) within search engine results and intended to be an entry point for search engine spiders. Further SuggestionsUnit linked endowmentNet domestic product Dow Theory Normal random variable Trade weight value of the dollar Written down value London Commodity Exchange Constant dollars Downside Protection Constant dollar plan FNMA Buydown Endowment London Commodity Exchange (LCE) Trickle down Bulldog bond soft dollars Eurodollar Condominium Continuous random variable endowment London Bullion Market Association Dogs of the Dow London Stock Exchange Equal dollar swap Lerner paradox |
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