Word: gurus
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Dates: during 1990-1999
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Wall Street's gurus are, of course, on the case. What can the price swings mean? Surprisingly, a crowd that has no trouble gleaning significance every time Alan Greenspan sniffles is coming up short on the price-volatility question. (Maybe they'll blame El Nino.) Some suspect that rising volatility signals a market about to run out of gas, but then they run out of evidence. Others conclude that this is a random event with no meaning...
...thing the gurus do know is that the recent market swings, while unnerving, aren't as historic as they first appear. It's just that the past five years have been an unusually placid period, making the recent action striking by contrast. Daily Dow moves of 1% or 2%, such as we've seen lately, had been sparse since 1991. But before that they were routine. The Chicago-based research firm Logical Information Machines calculates that since 1945 the Dow has risen or fallen at least 1% in a day 2,268 times, or an average of 44 times...
...disastrous. That is especially true when it comes to spanking. Every parent has been in a situation where a whack on the rear seems like the only recourse to little Janie's or Johnny's tantrum. But at least since the 1960s, the conventional wisdom propounded by parenting gurus has been that hitting is generally unwise because it sends a message that violence is an acceptable way to solve disputes...
...there's plenty about Macintosh that's worth controlling. Gates' richest prize may be Apple's intellectual property, both silicon-and carbon-based. The graphic designers, software gurus and other artsy types who constitute the Mac's most fervent cadres are a disproportionately influential market niche. Some two-thirds of all Websites are thought to have been created on Macs. "It's very attractive to Microsoft to have access to cutting-edge Mac developers," says Kurt King, an analyst with San Francisco-based Montgomery Securities, "particularly in areas like video streaming and other graphics technologies that represent the likely future...
...showmanship spelled backward), ballyhooed his 1944 birth-of-a-baby film, Mom and Dad, so successfully that it ran for decades and, according to the Grindhouse authors, earned $100 million. And in the late '50s, as bold European films lured the art-house crowds, a new breed of grind gurus revived sexploitation...