Word: bulled
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...worn-out shoe company. But CalPERS also stepped on sneaker company Reebok. This is odd, given that Reebok's stock has doubled in 10 months and beaten the market averages handily in the past year. That's not all: Reebok shares have risen an average annual 29% since the bull market began in October 1990--outdistancing the average stock, which has risen just 16% a year. Granted, Reebok had some lean years. And next to fleet-footed Nike, its problems glowed in the dark. But management got back in training and since 1995 has cut expenses, sold the underperforming Avia...
INAUGURAL BULL...
...records. Can anything stop this expansion? The economy is continues to grow at a moderate rate, keeping inflation and interest rates low. As a result, investors continue to pour money into mutual funds: Stock and bond funds received an additional $27 billion last month. The six-year bull market, which has seen the Dow rise from around 2,400 in 1990, shows little sign of letting up. All that good news has investors confident of still higher markets, which is exactly what worries some analysts. "Unbridled greed and lust," said Morgan Stanley chief economist Stephen Roach. "There is a conviction...
...which all knobs are subjected to a certain amount of hazing--a system Conroy, Citadel class of '67, described in his book as a "psychic rape." For one thing, even some important alumni are furious about the scandal. "Don't give us heritage and tradition and all that bull___," Hampton Walker, the head of the Citadel's alumni association, told the South Carolina Post and Courier last week, blasting the school's administration. "Do something about the problems." Already, the school has received E-mail from many people saying they will never hire a Citadel graduate, while federal funds...
...Your broker? Maybe you could ask him how long he thinks this bull market can last. I mean, as long as you have him right there on the phone. Also, you don't know Rupert Murdoch's number off hand, do you? Maybe we should give him a call...