Research Paper on:
Late 1990s' American Stock Market Activity

Unformatted Sample Text from the Research Paper:
The Federal Reserve Bank of New York hosted a conference in December 2000 centered on corporate governance. Securities and Exchange Commission (SEC) chairman Arthur Levitt was  the conferences keynote speaker, and his primary topic was that of enhancing the quality of financial reporting. He states in his conference address, "No market has divine right to  investors capital." Corporate governance has gained increasing attention in the past several years, and the SEC has taken a hard line stance against  the "creativity" that many organizations had developed in reporting business results. All US organizations are under pressure to perform well and so continue support for high stock prices.  The US recently ended the longest period of economic expansion ever - extending from the end of the 1991-92 recession to that which followed  the September 11 terrorist attacks. The economy already was slowing down at the time. The attack on the World Trade Center did not cause the recession, but it  did make the recession unavoidable. Until the time of the attacks on September 11, the market had grown at nearly unbelievable rates.  The technology sector had experienced a dramatic setback in the summer months and many investors were nervous over that, but what many of those nervous investors did was to pull  their capital from volatile stocks for the purpose of moving it to blue-chip companies that have shown less dramatic growth but have been reliable over decades.  Over the past five years, the market has been rather unpredictable - not in terms of up-and-down movement, but rather in the fact that it took so