Word: dipping
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...crash, the market took as horrendous a drubbing as it had ever suffered. I think about that week often because, had I not lived through it, I would have stepped, and stepped lively, into the charnel house that Friday, since the drop before Black Monday was the quintessential dip...
Until that Friday in October, every 8% decline since 1982 had also been a fabulous buying opportunity. But what made that Friday a death trap, the worst of all possible times to buy? Let's review that moment, because the question of buying or selling the next big dip, rather than the question of whether there could be another crash (answer: sure as shootin') can make us a big pile of money the next time around...
...still buying that dip the day before the 508-point collapse. But unlike 1997, in 1987 all the small stocks--the privates in the army--weren't marching with the generals. They had topped out months before, and the Mercks and Bristol-Myerses alone were still climbing. Put simply, the breadth of the market was miserable. Also, interest rates--instead of moving down, as they are now--were moving up almost weekly. Bonds and stocks had decoupled, meaning that bonds were getting increasingly cheaper to buy versus stocks. That never lasts...
...year has been a time of turmoil and anxiety at the organization's Denver headquarters. Attendance at stadium events this year has fallen precipitously, and the dip in revenues has led to a paring down of the staff. Leaders are coming up with all sorts of new issues to tackle--for example, counseling men on ways to get out of debt, to broaden and deepen the promises that must be kept. The days leading up to the rally, however, have been exuberant. The distant future does not faze McCartney. His trust is in the same God who inspired him seven...
Before the Rodney King beating, when Los Angeles cops practiced their own style of macho in-your-face policing, crime did not decline. But when, as a result of widespread and bitter criticism in the King case, the L.A.P.D. retreated from such aggressive policing, crime did dip. Crime also dropped in cities practicing community policing, which I define as a partnership effort with neighborhood groups in solving such problems as noisy bars, crack houses and prostitution. As police chief for 15 years in San Jose, Calif., I saw this approach succeed many times where indiscriminate crackdowns had failed. San Jose...