Word: bulling
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Dates: during 1990-1999
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...mean: a war by Jim Crow segregationists defending their "way of life" against those they saw as insurgents and traitors. The major battles have long since become part of the national consciousness--Martin Luther King Jr. writing from the Birmingham jail, Freedom Riders enduring hatred at every stop, Bull Connor hosing down children like animals. But last week America learned much more about a furtive, blood-spattered unit in that struggle: a sort of Mississippi KGB known euphemistically as the Sovereignty Commission...
...truly distinguished, if gooey, nonsense: the present, exciting and vivid, is more real than anything else, if only we, like Clinton, have the nerve to embrace it. This is the sort of thinking that got Emma Bovary into trouble. But the thought is also a kind of bull's-eye. Brown hit exactly upon Clinton's secret: he is the world-historical genius of the present tense...
This is what the bull market hath wrought: two jesters, a teenager and a band of recipe-reciting septuagenarians as market heroes. Well, last week one bubble burst. The lovable ladies were unmasked as frauds--unintentional, mind you--but frauds nonetheless. Five books, hundreds of speeches and dozens of national-TV appearances later, Chicago Magazine challenged their claim of earning compound annual average returns of 23.4% in the 10 years ending...
...great bull market has created a lot of experts like the Gardners, the Beardstown ladies and Seto. But the attraction of stocks--even if overhyped--has also transformed many just plain folks into sophisticated, independent investors. Thank the Beardstown ladies, for example, for the explosive growth in investment clubs, which have doubled in the past three years to 36,000, and are forming at the rate of 40 or so a day. Kenneth Janke, president of the National Association of Investors Corp., says the average club starts with 15 members, only one of whom has any investing experience. But after...
...profits of $12.2 billion. More work. More profit. Relatively few people. Sound familiar? Wall Street hadn't been totally left out. Its firms have been merging practically forever, but seldom on such an extensive scale, where even giant Merrill Lynch might be bait for, say, Chase Manhattan. In a bull market, and with consolidation running wild on the Street, brokerages are good stocks...