Word: fades
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...know if this is a suckers' rally? You can't. But note this: the NASDAQ's scintillating 19% gain Memorial Day week came on modest volume, and advancing stocks were roughly even with those falling--a tepid showing that suggests this rally could fade like a suntan. Don't be fooled by the sharp gain. Since 1900, there have been 31 bear markets, and in 17 of them there was at least one suckers' rally greater than 10% on the Dow, according to Ned Davis Research. All but one had at least one 5% bounce. The typical bear market...
...week tens of thousands of children got a day off school to file dutifully past the U.S. Interests Section in Havana denouncing the yanquis. The Elian case, after all, has been a shot of political Viagra to the aging strongman, and he's in no hurry to see it fade...
...reason to worry. I'm in my mid-40s, the age at which most no-longer-babyish boomers begin to notice that many of the faculties they used to take for granted--eyesight, stamina, the ability to fit into slim-cut khakis--are starting to go. If those things fade, why shouldn't memory? Then there's genetics. While the members of my extended family often live deep into their 90s, by the time they hit their 70s, a lot of their cognitive lights have typically begun to flicker, and memory is the first bulb to blow...
...qualms about Hiroshima should fade after reading James Bradley's Flags of Our Fathers (Bantam; 376 pages; $24.95). With the help of Pulitzer-prize-winning journalist Ron Powers, Bradley rediscovers the carnage of Iwo Jima through the stories of the flag raisers. His father is the one in the center of the photo, the only man whose face can be seen...
...While PBHA remains student-governed, I don't believe the 'institutional memory' will ever really fade," Garland says. "The College officials seem to think that it will, but the strongest thing that ties PBHA together is its stories, which are continually being made and retold. Our history and our stories are so important to us that we pass them along as intact as possible...