Word: bulls
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...Michael Dukakis's old running mate had Rubin's job from 1992 to 1995 while Rubin headed President Clinton's newly created National Economic Council in the White House. The expansion, and the unstoppa-bull that went with it, started on Bentsen's watch. But in 1993, it was Goldman Sachs veteran Rubin (with an assist from Greenspan) who persuaded President Clinton that his dreams of a prosperous American middle class had to be kick-started by balancing the federal government's then blood-red budget books. A credible deficit reduction plan would please the bond market, the former arbitrageur...
Many of the parishioners wear white ribbons for peace over their Sunday best and a few sport buttons with bull's eyes--meant to demonstrate that everyone is a target--to express their solidarity with those in Serbia...
Stokes and Markovic stand together, wearingmatching bull's eye buttons. They say they havenot missed a single protest since the NATObombings began except for one weekend, when theywent to Washington, D.C. for a protest in front ofthe White House...
Good move. If all goes according to plan and Wetherell's valuation models continue to hold, then Raging Bull will go public in about a year, and Martin will be worth a few hundred million dollars. Those will be Internet dollars, of course--but do you think Martin really cares...
...arose from the cobwebbed corners of Wall Street where things like dividends and profits are revered--finally, the curmudgeons could crow about reality setting in. EBay, selling at 8,000 times earnings, had been exposed; Net mania was over. By week's end, though, those who would deflate the bull market in profitless companies got a familiar lesson: bubbles die hard, and this one still...