Word: metrics
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...stop, first consuming dry grass, then Ponderosa pines, then, engorged to 32,000-plus acres, gobbling up hundreds of homes and singeing buildings at Los Alamos, birthplace of the atom bomb. The fires never came close to a building that holds drums of transuranic mixed waste and a metric ton of plutonium. No disastrous explosions occurred, but the air will be monitored for radioactivity. Meanwhile, noxious fumes wafted from the lead paint, rubber and plastics in burning cars and buildings. Some 20,000 people were evacuated from Los Alamos and surrounding towns. The damage estimates at week's end ranged...
HASSETT There is no question that if you run through history, Bob is right--that over some periods following peaks in the P/E, there were some bad times. My problem with that exercise is that if you took anything, any metric of how the market is doing, and calculated the average over time, then, of course, when you are above it, then you go down, and when you are below...
...Doing the 100-meter-dash in the blinding rain back to your Union dorm doesn’t make for record-setting conditions, especially when you’re dressed to the nine cm. stilettos. Hey, who let the metric system in here...
...economy types have argued that the value metric is no measure for stocks of dotcoms like Amazon that have no earnings but just might become the next Microsoft or Dell. Their solution: simply replace the E in the ratio with something else--revenues, cash flow, new orders or what have you. And if the company should be a fast-growing market leader, or the kingpin in a field with barriers to entry, the P/E ratio could top 100 and analysts would still be calling it a buy. Until recently, they had a case; value investors missed out on the NASDAQ...
...news was worse than the CIA had ever imagined. After reviewing a fresh batch of spy-satellite photos and intelligence reports from the ground, agency analysts this month concluded that Colombia produced 520 metric tons of cocaine last year, three times what the agency had previously calculated. Then last week, Administration drug czar Barry McCaffrey made public the other CIA bombshell: Colombia's opium-poppy cultivation also jumped 23% in 1999. All told, says McCaffrey, 80% of the cocaine and heroin entering the U.S. comes from or through Colombia, causing 52,000 deaths here each year, along with $110 billion...