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Economy / Stock Market #79641

ABC Evening News for Tuesday, Aug 17, 1982
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(Studio) Stk. market rally described; Dow Jones average noted.
REPORTER: Ted Koppel

(NYC) Mkt. flurry said due to Salomon Brothers economist Henry Kaufman's forecast regarding interest rates; relationship between interest rates; bond market and stk. market explained. No. shares changing hands noted only 20 short from all-time record; Dow Jones closing average noted. [Bache market analyst Hildegard ZAGORSKI - thinks event was interest rate rally; explains.] Irony in Kaufman's forecast noted.
REPORTER: Dan Cordtz

(Studio) [Lehman Brothers chairperson Peter PETERSON - considers possible cause of rally; questions Federal Reserve Bd.' lowering discount rate; comments on President Reagan's criticism of Wall Street; mentions First Boston Corps.' Albert Wojnilower's prediction.]
REPORTER: Ted Koppel

(Studio) Upcoming items announced.
REPORTER: Max Robinson

(Studio) Item recapped at end of broadcast

Cordtz, Dan;
Koppel, Ted;
Robinson, Max

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