Word: indexes
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Dates: during 1980-1989
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...other market experts, including Morgan Stanley's chief portfolio strategist, Barton Biggs, have been warning that many high-tech issues are overrated. Some are selling at prices as high as 50 times their earnings; the average price for the 500 stocks in Standard & Poor's Index is about 13 times earnings. Says Zeikel: "It's true that some high-tech stocks have gotten ahead of themselves." But he argues that the overall high-tech trend is up and that the funds will ride up with...
Every day, the Harvard crews row under two bridges that are on a national endangered-species list. Both the Salt and Pepper Bridge--which carries the MBTA's Redline--and the Harvard Bridge--which connects Mass. Ave--rate low on a federal index that measures bridge conditions...
...lobbying and more time lowering interest rates." Reagan began trying to talk down rates in February by charging that they were too high in relation to the current low level of inflation. That argument suffered little last week when the Labor Department reported that February's Consumer Price Index fell...
...things in the stores than it was four years ago? Is there more or less unemployment than there was four years ago?" Carter himself had used a similar tactic in the 1976 campaign, sympathizing with the American people over the "disgraceful" level of the Misery Index. Now, two years later, the economy is in even worse shape, and it is Reagan's turn to hear his opponents commiserate with the long-suffering public...
...White House turned bullish too. Martin Feldstein, chairman of the Council of Economic Advisers, said that the Administration would soon hike its forecast for this year's G.N.P. growth rate, from 3.1% to perhaps 5%. That optimism was buoyed by the news that the index of leading economic indicators jumped 3.6% in January, its biggest one-month gain in nearly 33 years. Oil prices could be magical at keeping inflation down. At $30, the price, adjusted for inflation, would be only 28% above its 1974 level...