Word: indexable
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Last week's turmoil on Wall Street was the latest in a summer-long slide that has knocked almost 740 points, or nearly 8%, off the Dow index since July 17, a decline that economists call a correction. (A 20% drop signals a "bear market.") But a deeper and quieter sort of stock decline has been under way much longer, particularly among smaller companies. For example, the Russell 2000 Index of small-capitalization stocks has fallen nearly 5% since January. Investors have been seeing these declines for some months in their brokerage statements. So as they survey the carnage...
...really makes it work is that the stock market goes up over time," he says. But even in a market whose average is flat for a time, wilder price gyrations lead to better overall returns. For that reason, dollar-cost averagers are better off in volatile investments, such as index funds and technology stocks...
...Scott Berg, author of an upcoming biography of Charles Lindbergh: "[The index of a good biography] provides a glimpse of the surrounding characters you will meet. Because I've been fortunate enough to befriend some fascinating people, I'd be happy to be a biographee--but not while my index is still growing...
...Wheel." He and Martin were also the only ones who could make jokes at Sinatra's expense. Yet Bishop is often portrayed as the expendable member, the one who was lucky to be along for the ride, the Ringo. In books he usually has fewer index entries than even Lawford. "One guy wrote that I worked with the Rat Pack occasionally. Occasionally! Another talks about how I kissed Frank's ass. That hurt me a little bit. I know I sound bitter, but I have a right...
...pledge by Hashimoto on Sunday, Japanese officials have executed an impressive flip-flop. Hashimoto hadn't actually "used the words 'permanent tax cuts,'" said Deputy Chief Cabinet Minister Teijiro Furukawa, and Obuchi "didn't make a public promise." That rug-pulling sent both the yen and the Nikkei index tumbling in Monday's trading and left the rest of the world wondering whether any of Japan's promises to anxious U.S. officials over the past few months have been worth anything at all. It certainly doesn't look that...