Word: drags
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Cash. The typical fund keeps 7% to 10% of its assets in cash, a stash to pay off investors redeeming shares. That part of the portfolio is a drag on performance when the stock market...
...what does account for the widening gap? When stocks are flying as they are now, even discerning managers blindly plow money into the big stocks that make up major indexes. They want to hold little cash so it doesn't drag down performance. But the cash comes into their funds so fast that they can't find enough lesser-known stocks to spend it on. So they park ever more money in big stocks, which are easy to buy and sell, while searching for true bargains...
...could be called the "big-hair defense"--jokes about her working-class origins and bravado that this evangelist's daughter from Lonoke, Arkansas, could not possibly win a "he said, she said" dispute with the President of the United States. Former Clinton adviser James Carville wisecracked that if you "drag $100 bills through trailer parks, there's no telling what you'll find." Clinton lawyer Bob Bennett has dismissed the suit as "tabloid trash with a legal caption on it" and once boasted that in a trial he could win the case in 20 minutes...
...President's most vivid rebuff yet of Tupac Amaru's demand. And given the guerrillas' own intransigence, it illustrated just how long Peru's hostage crisis could drag on. Since the well-being of the hostages keeps Fujimori from using his iron fist to rescue them, he decided last week to rely on his own steely resolve, settling into a tense staring match with Tupac Amaru...
Hamlet endures as a character because he is the embodiment of the unsatisfied soul. He is irritating and threatening, a scold, a drag. He is the relentless accuser and reproacher, who cries, "O shame! Where is thy blush?" But he is also part of the people he confronts; he is that "noble and most sovereign reason" within them too, which is why his unnerving presence among them eventually overthrows the status quo and winds up revolutionizing their world...