Word: bets
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Dates: during 1990-1999
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...Yahoo's earnings prove it's the strongest company in the group, says TIME Wall Street columnist Daniel Kadlec. Will it turn out to be the next Microsoft? "That's a crazy bet to make and yet everybody's making it," Kadlec says. "Yahoo is riding a mania for Internet stocks, just like the mania for biotech in 1991. These stocks have so much room to collapse." Indeed, in announcing only a 2-for-1 split Wednesday (effective in August), Yahoo might be signaling that it knows some bearish days are coming. Notes Kadlec: "A $200 stock price means Yahoo...
...baby boomers get pretty much whatever they want. They've got the numbers. They've got the votes. Now the generation that insisted on competitive pay for women wants to shield part of that pay from the tax man by eliminating the so-called marriage penalty. You can bet boomers will get their way this time too. And in this case they should, this boomer says. The basic flaw in the current system is so absurd that something must be done...
Some significant move in the prices makes him excuse himself for a moment to make a transaction on one of two dozen automated share-dealing terminals spread around the hall. He comes back smiling; another bet has paid off on a fast-moving stock. "China is changing, for sure. Before you could only buy half a jin [pound] of meat every month. Now you can buy as much as you want, if you have the money." Politics doesn't interest him much. "Zhu Rongji? I don't know much about politics, but at least Zhu understands the stock market...
...company's pugnacious CEO, Albert J. Dunlap, wanted him to think like an owner. So he insisted that Elson dig deep into his own pockets and buy $100,000 worth of Sunbeam stock. Two weeks ago, with the value of that stake fast eroding, Elson said, "You bet I looked at the company as an owner." So he and his similarly staked board mates moved fast to "Dunlap" Dunlap, sacking the job slasher whose name had become a Wall Street verb...
When your favorite department store holds a big one-day sale, I'll bet you look closely to see which items are on sale because they've gone out of style or out of season, and which ones are damaged goods. And that's just how you ought to shop when there's a clearance sale in the stock market, like the one that knocked the Dow down 207 points last Monday. But there you have to inspect the goods especially closely. Stocks aren't vacuum cleaners; if they break when you get home, you can't take them back...