Word: bulls
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...fact, AT&T's board and brass are the ones whose intellectual wattage seems to be dimming. The company's stock price has been listless all year despite the bull market, as AT&T has stumbled from one misadventure to another. Its costly drive into local phone service has been stymied, and its steadily falling share of the $70 billion long-distance market is down...
...begat not just Jordan and scores of NBA players but also such notable coaches as Billy Cunningham, Larry Brown, George Karl, Roy Williams and Eddie Fogler. Almost all his former charges remain intensely loyal to him. Jordan, in fact, still wears his blue Tar Heel shorts under his Chicago Bull shorts. "He's a father figure to a lot of players and a lot of people," Jordan said last week...
...jumped in with both feet. A "buy the dips" philosophy has outperformed any other strategy imaginable. When will this faultless method let us down? When should we be scared to take advantage of a swoon and instead take a powder and lock in the gains of the greatest bull market of all time? Oddly, we have the answer. It's just been obscured by the big event known as the Crash...
Practically everyone has a bull-market story, and collectively these tales illustrate the depth of the market's penetration into our social consciousness. Barton Biggs, the veteran investment strategist at Morgan Stanley Dean Witter, recalls a party at his summer house last month. The septic system backed up, and the plumber who came to save the party did so in more ways than one. The plumber recognized Biggs from his TV appearances and immediately commenced quizzing him on the market. "I told him I would be cautious at this point," Biggs says. The plumber begged to differ. To the amusement...
...most of the '90s and led to a uniquely placid period in the market. As a society in love with stocks, we've never quite been here, so no one can be sure what to expect. When pushed, market veterans liken today's fervor to 1929 or 1968, both bull-market peaks. Because of key differences between now and those periods, however, few predict imminent disaster. But it's worth noting that after the '29 crash the S&P 500, excluding dividends, didn't fully recover for 25 years. And the '68 peak was part of a sideways market that...