Word: mutual
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Dates: during 1980-1989
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...market they fled during the bearish 1970s. "The longer the bull market goes on, the more believers there are," says Charles Neuhaus, a broker for Houston's Underwood, Neuhaus. During the first half of this decade, the number of Americans who own shares in individual companies or stock-market mutual funds increased from 30.2 million to more than 47 million, according to a study by the New York Stock Exchange. While half those shareholders own stock in only one company or fund, the other 23 million or so include many investors who have turned stock picking into a serious pursuit...
...those who want to play the market but lack the time or inclination to gamble on specific stocks, mutual funds have been the answer. Stock funds grew by $41.7 billion during 1986, a 33.4% increase, to reach total assets of $166.4 billion. But the number of stock funds, now in the hundreds, has mushroomed so fast that selecting one can be almost as tricky as picking individual issues. Even so, it is hard to go wrong in such a strong bull market. During the first half of the year, the average stock fund rose some...
...situation parallel to the standoff in Paris. They announced that if Tehran approves, Italy will represent France in Iran, where nearly 300 French nationals still reside, in addition to the embassy personnel. The first job for the Italians would be to try to defuse the crisis by negotiating the mutual repatriation of the French and Iranian delegations. French and Iranian diplomats held preliminary talks on Saturday but reached no final plan...
Despite the intensive sparring, there was a palpable undercurrent of mutual respect. At one point Sullivan demanded to see a passage from prior testimony cited by Liman. "Fortunately," Liman said, smiling wryly as he reached for the document, "I am prepared." Sullivan smirked and shot back, "I knew you would be!" As the crowd tittered, Liman asked, "Can I read you something? Will you trust me to read this?" Replied Sullivan almost playfully: "If I did, I wouldn't admit it." In that moment it was clear that these adversaries, though locked in high-stakes combat, were enjoying the fight...
Whitney was Daddy's girl, and the lure was mutual. "I used to give her flowers," says John, 66, who runs Whitney's three companies. "I helped her with term papers in high school -- she'd call me on Tuesday for a paper due on Wednesday. She's always been great with that 'Daddy' bit." Says Whitney: "He was Mom's support network while she was on tour. He changed diapers, cooked, did my hair and dressed me, all the while providing Mom with advice and answers...