Investment Watch

Jittery investors now have something else to worry about. A study recently reported in Economist magazine noted that Wall Street’s worst two bear markets of this century unfolded as new buildings were breaking world height records. In the 1929-32 bear period, the Chrysler and Empire State buildings were completed in New York. In the 1972-74 bear period, the World Trade Center (New York) and Sears towers (Chicago) were topped off. Coincidences? Let’s hope, because the Petronas Towers in Kuala Lumpur, Malaysia, are about to break the Sears towers’ 22-year height record, reaching 1,483 feet each.