Word: dime
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Dates: during 2000-2009
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Amid the frenzy, the market awarded astronomical valuations to dotcom companies that had never made a dime--and paid an unheard of 100 to 200 times earnings for true New Economy leaders like Cisco or Sun Microsystems or Dell Computer, whose stocks have since plunged some 50%. "The current growth rate of earnings won't support stocks with high valuations," says Hugh Johnson, chief investment officer for the investment firm First Albany. "That's why technology stocks are coming down so sharply...
...Yankees have demonstrated that they are ripe for assassination. The lineup that used to work the count so carefully and nickel-and-dime teams to death is no longer so consistent. Joe Torre cannot throw out Pettite, Clemens or El Duque and always receive a command performance. Their once-mighty bullpen is down to Jeff Nelsen and the great Mariano Rivera...
Taxes, of course, are the big reason. If you never sell, you'll never owe Uncle Sam a dime of your gains in your lifetime. The futility of timing the market's peaks and valleys is also an issue. Can you really pick good exit and entry points? Probably not well enough to make...
...could distinguish between hot and cold, a sure sign that the nerves were regenerating. Today, thanks to hours of grueling physical therapy, he is capable of more challenging tasks like driving a car, tying shoelaces and, most important, lifting his kids. Though such skills as picking up a dime and writing are still out of reach, his warm, transplanted hand performs better than the best cold prosthesis. "The hand is absolutely part of me now," says Scott. "This is the greatest thing that's happened...
...There aren't any in Washington, either. Maybe that's why the Democrats picked L.A. - so Mr. Clinton could put a little variety in his diet while he's still on the taxpayers' dime...