Chapter

Mergermania (1982–96)

Charles R. Geisst

in Wall Street

Published in print September 1999 | ISBN: 9780195130867
Published online November 2003 | e-ISBN: 9780199871155 | DOI: http://dx.doi.org/10.1093/0195130863.003.0012
 Mergermania (1982–96)

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Market rises after stimulus package from Washington. Mergers trend begins in 1982 with corporate raiding. Stock market rout in 1987 and S&L crisis a year later. Junk bond trend emerges. Michael Milken found guilty and sentenced. Bull market resumes during Clinton years and bubble reaches historic highs on DJIA. Mergers continue unabated. Greenspan becomes Fed chairman.

Keywords: bubble; bull market; corporate raiding; economic stimulus; Alan Greenspan; junk bonds; mergers; Michael Milken; savings & loans crisis; technology stocks

Chapter.  18247 words.  Illustrated.

Subjects: Economic History

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