Word: mid
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...anxiously asking, What's next? Historically, the markets rally as one calendar year turns into the next, but could there really be reason to hope for a year-end rally at a time when the only precedents that seem to apply are the worst bear markets on record? "Mid-December to the end of January is known as the only free lunch on Wall Street," says Sam Stovall, chief investment strategist at Standard & Poor's Equity Research. "This year could be different...
Right now, the companies in the S&P 500 are trading at an average price-to-forward-earnings (P/E) ratio of 8.4. That means investors are willing to pay $8.40 for every dollar that analysts expect companies to earn in 2009. Because that ratio historically falls in the mid- to high teens, the current market seems cheap by comparison, meaning stocks could be poised to rise...
Fitzgerald wrote these words about the Manhattan of 1922, but they could just as well apply to The Game tomorrow. As we wrap ourselves in striped scarves and wool coats, trudge home through leaf-coated sidewalks, and watch the mercury dance around the mid-twenties, there’s a simmering sense of anticipation in the air that only a Crimson win can happily resolve...
...mushroom cloud was the symbol under which the mid-20th century was baptized. As the last great global tumult, the Second World War represented the convergence and the stratification of ideologies. But what hoisted itself above all of these intersecting faiths—above fascism, communism, capitalism, democracy—was the ambivalent shroud of dust and ash in which mankind could glimpse a vision of its own destruction. To watch footage of the atomic tests—the grainy, bird’s-eye view of a seemingly endless geyser of particulate matter—is to understand...
...mid-November, the Alliance held a meeting in Washington, which was closed to the press. McKay described the mood as buoyant, in no small part because of how far progressive philanthropy has come from just several years ago. "A great victory happened sooner than any of us would have expected," McKay said, adding that the process of changing federal policies and programs has yet to begin. "Now the real work begins...