Word: minoring
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...risk in New Economy investors' enthusiasm is that at the height of the market, every possible piece of good news is factored in. Then when companies whose stock sells at sky-high multiples of their earnings announce even minor setbacks, their stock gets pummeled. Last month networking powerhouse Cisco Systems announced it was setting aside $275 million in a rainy-day fund to cover missed payments from failed customers. Wall Street's reaction was a punishing 12% drop...
...trend as it's happening and call or click their broker to chase the momentum. High volatility on the upside is fun; it's nice to see that a stock you bought on Tuesday is worth 30% more on Thursday. But on the downside, it can turn a minor downtick into a major bloodbath. And that's one reason why for the NASDAQ the year 2000 was the worst in its 29-year history...
...Tigers masquerade a minor league hockey team as a college program. Its arena, the Colorado Springs World Arena, also houses professional teams. A laser light show greets the home squad as it steps on the ice. And the whole place was virtually devoid of students--from the grandstands to the pressbox, and some might unfairly...
...didn't set himself up as a chaplain or philosopher or therapist to the millions. He made no statements about important issues. He sat on no commissions. He went straight on with his work, even though the world begged him to change from being a commentator for a minor constituency in the 1950s to a national observer who had a great deal to say to the world at large. He wanted to be no different than anyone else...
...true--a point that probably didn't even occur to the producers of the ad or 99% of its viewers. The deception is not on purpose; few are deceived. But the process of producing a spin for this hotel chain apparently did not include reality as even a minor consideration...