Word: go-go
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...beef and corn on the cob. Before the sun was down the celebrants numbered close to 3,000, and one of them-a shapely blonde-had been heaved into the pool. A man in a business suit dived after her. Another dived after him. A bikini-clad go-go dancer go-goed it on the diving board (to the low-down accompaniment of a group called "The Astronauts"), while leering spectators grabbed for her, missed, and tumbled into the drink. By dawn, the only thing that moved was the attendant with the heavy-duty vacuum cleaner...
...millions in annual sales. Panalba and related formulations earned $23 million last year, almost one-sixth of Upjohn's total sales. With that much money at stake, the FDA will have to battle for what it believes to be patients' interests. Ley, who succeeded James L. ("Go-Go") Goddard as commissioner a year ago, has made it clear that he will not shrink from the fight...
...analysts are more worried about the glamour stocks of yesterday than about the blue chips. Mutual funds have been selling, and in some cases there has been distress selling inspired by the fear that customers will redeem their fund shares for cash. Even those inveterate bulls, the managers of go-go funds, are unloading stocks, and the hedge funds have been hard hit. Some money is being shifted out of stocks into bonds. People who buy stocks on margin have to pay 11% interest, but those who buy bonds collect as much as 8% interest-a rewarding spread...
...Their showing confirmed Wall Street's axiom that"go-go" funds can seldom put together two good years in a row because it is almost impossible consistently to pick stocks that will spectacularly outperform the mar ket. Last year's rich winners were those fund managers who correctly foresaw that the market would rally after President Johnson's renunciation. This year those managers failed to anticipate that the market would tumble after bankers raised the prime rate to 81/2% in mid-May. Many of the go-go funds were loaded with thinly held...
...misinterpreted. Sweeping the scene like a radar antenna is not a bad approach provided that the sweeper does not mind being pegged as slightly insane. A really sharp spectator will look the girl straight in the eye and natter on into the night about urban renewal, air pollution and go-go mutual funds. Sooner or later, he will bore her into looking away long enough for him to look down -and see through...