Word: followers
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Dates: during 1990-1999
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...maybe it really is the active money managers--that other 90%--pushing up the price of blue chips, and for what passes as good reason. If so, it doesn't necessarily follow that stocks in the S&P 500 are especially vulnerable. I'm not saying this is the time to buy an S&P 500 index fund. I would be wary of all stocks at current levels, and if I were desperate to buy something, I'd probably choose a road slightly less traveled, say a small-company or overseas index fund. But I certainly wouldn't ditch...
...million oz. of gold it had "discovered" were a hoax. That may not be all bad: investors don't have much use for the stuff anyway. Recently Australia, the world's third largest producer, confirmed the sale of about two-thirds of its holdings. The $1.87 billion gold dump followed sell-offs by Belgium and the Netherlands and reports that others would follow. Australia's sale sent the price sinking to $314.60 per troy oz., a 12-year low, before it recovered to $324. With production costs around $300 per oz., South Africa, the No. 1 producer, faces the loss...
...ratings abbreviations follow...
...leave a trail. Whenever you leave a place you've been, you leave things behind, often things you didn't know you had or that you never imagined that anyone would discover. Not that any of it is incriminating or even embarrassing, but your footprints still follow...
...conviction and two guilty pleas. Last week the mayor reacted to the latest of those indictments with a stern admonition, "When people tempt you with cash, don't accept it." The question that many in Chicago were asking last week: Did the mayor's brother follow that counsel...