Word: herds
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They love the Thundering Herd in Huntington. Stand anywhere in this Rust Belt, Bible Belt city of 60,000, twirl around, and you will see at least one green-and-white GO HERD sign. Young and old are wearing shirts and hats with the Heisman Trophy symbol and MARSHALL 88 on them--acknowledging the presence among them of wide receiver and Heisman Trophy candidate Randy Moss. Last year the Herd went 15-0 to win the national championship of 1-AA. This year, in its 100th season of college football, Marshall is playing in Division 1 for the first time...
...solemn ceremony, three wreaths were placed at the foot of the fountain, and taps was played one more time. Under a cloudy sky, people close to Marshall recalled Nov. 14, 1970. But then they remember that date on an almost continual basis. As Marshall football coach and former Herd running back Bob Pruett says, "I think I speak for a lot of people when I tell you that on that day, the bottom of my heart fell...
...world away. Federal Reserve Chairman Alan Greenspan, who likes this kind of excitement about as much as he does a rash, carefully reinforced his long-held belief that the Nirvana-like state of low unemployment and steady growth that correlates with his tenure can be sustained by riding herd on inflation. Said he: "Our economy has enjoyed a lengthy period of good economic growth, linked, not coincidentally, to damped inflation. The Federal Reserve is dedicated to contributing as best it can to prolonging this performance." And right on cue, data released Friday showed that inflation slowed dramatically this summer...
...timers like me, that smacked exactly of the bottom in '87, when companies took advantage of the madness to buy stock incredibly cheap. Sure enough, by 9:40, even as the market was "looking" down 200, Pepsi was up. We traders, herd animals by instinct, take heart when we see a big capper like Pepsi rallying, and we pull our sell orders. Boom, there goes the supply, and nothing begets demand like no supply...
...fast, but you've just parachuted in from a big East Coast city where you get tickets for parking in front of your own house, and this wide-open liberty is making you crazy. The Rockies spin out of the ground like the spurs of a boot, and a herd of antelope is grazing along a bend in the Missouri River. Willie Nelson and Ray Charles come on the radio to sing Seven Spanish Angels, and it seems prudent, if not reasonable, to nose up to 100, 105, 110. At 112, you can almost see the seven angels...