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...most of the past 40 years. With inflation running at 1.7%, today's reading is 23, and when calculated using reported rather than expected earnings, it jumps to 29--well above the 26 reached on that basis just before the 1987 crash, notes analyst Richard Bernstein at Merrill Lynch...

Author: /time Magazine | Title: Not Ugly Enough | 8/24/1998 | See Source »

...greatest success came with the Philadelphia Phillies. I know because at times he was the only reason to watch the team. It may not seem like a lot, but I'm a Phillies fan, and we don't have much. Please don't take Lefty away now! JACK LYNCH Drexel Hill...

Author: /time Magazine | Title: Letters: Aug. 17, 1998 | 8/17/1998 | See Source »

...characters occupy the play's more complex moral center: the warden's new secretary (Sherri Parker Lee), who can't reveal the brutality she sees for fear of losing a job she desperately needs, and a convict called Canary Jim (Finbar Lynch), who has ingratiated himself with the warden by ratting on other inmates. Jim is the most recognizable Williams character, a stunted romantic who scoffs at Keats (when he starts writing, Jim vows, it won't be about nightingales) yet proves himself an idealist in a pinch...

Author: /time Magazine | Title: Theater: A Sweatbox Named Desire | 6/22/1998 | See Source »

...times in the past four years. Microsoft is now in the midst of a 14% pullback that began a month ago. History suggests this is a buying opportunity. "The value of the enterprise more than offsets the risk of the antitrust suit," says Jonathan Cohen, tech analyst at Merrill Lynch. He hasn't budged from his buy rating. Neither has Art Russell, tech analyst at Edward Jones, who says that "this stock is filet mignon--expensive, but a helluva steak...

Author: /time Magazine | Title: Buy On Bad News | 6/1/1998 | See Source »

Investors may be warming to this notion. The Dow, having plunged last Monday, was levitating by Friday. In another sign that the market's pendulum of emotions remains firmly balanced, Wall Street's view on the too-hot, too-cold question is as divergent as ever. Merrill Lynch rushed out a report saying profits are in trouble and interest rates must surely decline. Goldman Sachs discerns continued bliss as far as the eye can see. Morgan Stanley Dean Witter is convinced that inflation and higher rates are just around the bend. That's all I need to hear. There...

Author: /time Magazine | Title: The Pendulum Economy | 5/11/1998 | See Source »

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