Word: indexable
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...NCAA Selection Committee will try to rank teams more objectively than the seemingly-arbitrary NFHCA poll. In the off-season, the committee approved the use of a ratings-percentage index as part of the selection criteria for the first time. Head-to-head contests and records versus common opponents should also be major factors under consideration...
...resurgence of the Dow in late October has been ascribed in part to George W. Bush's slim but unblinking lead in the national polls since the debates. Investors in index component Microsoft, mindful of which administration owns the Justice suit, have pushed the stock up from $48 to past $70 in the last three weeks. Pharmaceutical stocks, HMOs, defense and tobacco stocks (Bush is against that suit too) are all perking up. Friday's stumble in those sectors, after such a promising week, was being blamed in part on the after-hours announcement Thursday of Bush's DUI conviction...
...Would you settle for "possibly"? Last week traders were buzzing that "there's no such thing as a quadruple bottom," meaning that three times - in late May, mid-October and late last week - the tech index has flirted with 3,000 and jerked back from the brink. Add to that the end of October - traditionally the month of earnings news, tax-loss selling by mutual funds and bottoms (not a coincidence) - a Dow afire for three straight sessions and an election about to conclude, and we've got indications that the 3,000 milestone may belong in NASDAQ's rearview...
WINNERS Galaxy II Utility Index Ret. Fleet Banking 45.01 Excelsior Energy & Nat. Resources U.S. Trust 33.59 Brinson U.S. Small Cap Growth I UBS Mgmt...
...which point it hesitated, and may now have officially taken on the look of a bargain. The index closed Monday at 10,835, and for the near term could be on its way up. Sure, oil prices loom, the euro drags, the Middle East smolders, and the word "stagflation" is on at least a few lips, but for now that's troubling the NASDAQ far more - over there they're worried about the damming effect an economic slowdown will have on the river of cash that made the techs what they were...