Word: blip
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...will we believe the next offering that Wall Street will be retailing this week? "It's a buying opportunity!" "It's a short term blip!" A new report by Bernstein Global Wealth management notes that booms and busts often result in "unduly pronounced security mispricing," meaning, we tend to overdo things. Take banks, which were crushed in 1990 by real estate losses. (Sound familiar?) Ultimately, the game reset and bank stocks zoomed 199% through 1996, outpacing...
...With his choice of Palin, McCain "definitely caught their attention," Lake adds. But whether this is merely a blip or a real trend has yet to be determined. Obama strategist Anita Dunn predicts there will be a "settling effect" in the polls as the Democratic campaign brings more scrutiny to Palin's record - drawing attention, for instance, to the fact that she once actively supported the infamous "bridge to nowhere" earmark that she now claims to have turned down. At a news conference Tuesday morning in Riverside, Ohio, Obama himself dismissed the latest polling numbers and predicted that women...
...Chandler Pavilion, while back at Stax Records in Memphis there must have been astonished cheers. Hayes had become the first African American to win a music Oscar (or, indeed, an Oscar in any category except for acting). But that belated recognition was less a harbinger of enlightenment than a blip on the rainbow radar. No black musician would cop another Oscar until 1985, when Prince was honored for the score of Purple Rain...
...four-year low, and the country has made significant progress in establishing stability. But will it last? Or does the situation conform more to a report out of the Government Accountability Office? That one suggests that this period of calm, like others before it, is just a momentary blip...
...summer vacation begins, 17 girls at Gloucester High School are expecting babies - more than four times the number of pregnancies the 1,200-student school had last year. Some adults dismissed the statistic as a blip. Others blamed hit movies like Juno and Knocked Up for glamorizing young unwed mothers. But principal Joseph Sullivan knows at least part of the reason there's been such a spike in teen pregnancies in this Massachusetts fishing town. School officials started looking into the matter as early as October, after an unusual number of girls began filing into the school clinic to find...