Word: markets
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Dates: during 2000-2009
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...much has Michelle Obama shaken up the fashion world? Well, name one other woman whose dress receives a birthday tribute. In January, the clothing retailer White House Black Market set up a swag suite at the Sundance Film Festival. The company dressed a mannequin with a black-and-white leaf print dress like the one Obama once wore on The View. Mo'Nique, the comedian and actress, recognized the outfit. And since it happened to be the First Lady's birthday, of course it was Mo'Nique's duty to belt out "Happy Birthday," to a mannequin, in a crowded...
...Whenever we can honor her, we have to," says Mo'Nique, describing the scene. "So in spirit, I must sing my song." After seeing that White House Black Market dress on The View, did she rush out to buy it? "You know what?" says Mo'Nique. "I'm not sure if they made that dress in my size at the time. But I'm size 14 now, honey, so I might go ahead and get that dress." (See pictures of what Michelle Obama wore in Europe...
...Nique better motor to the store. In spite of the recession, Michelle Obama's outfits are flying off the racks. That $148 dress is still a hot seller at White House Black Market, almost 11 months after Obama wore it on The View. The dress sold out at the 327-store chain within 48 hours of her appearance; later, shoppers were willing to endure a 2½-month waiting list...
...want to know what's going on in the U.S. housing market, chances are you follow the Case-Shiller index. Robert Shiller, the Yale University economist who helped create the home-price gauge, was something of a pop economist even before the real estate meltdown-a book published in 2000 warning about the coming crash in stocks made him a rock star of the last bubble, too. His latest book, Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters For Global Capitalism , was written with University of California, Berkeley economist George Akerlof. Shiller spoke with TIME...
...What's more, the current stock market rally is less than two months old. And most rallies at the beginning of bull markets have lasted much longer before stocks retreat. According to strategist Lazlo Birinyi, who has long used technical factors to determine whether stocks are a good investment, in 23 of the past 24 bull markets stocks have risen for an average of 194 days before falling more than 10%. That means the current rally, near 60 days, has more than six months to go, on average, before stocks pull back. "Absolutely, this is a bull market," says Birinyi...