Word: mutually
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Dates: during 1990-1999
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...Moscow-influenced "internationalists" at Communist Party headquarters in Shanghai, Deng, who had become exasperated with Soviet-style conventional warfare, was convinced that Mao's tactics were right. From 1931 to 1935, as the two worked to establish a Red Army base in the south-central province of Jiangxi, a mutual affection ripened that was almost brotherly. When Mao was denounced and demoted by pro-Russian elements of the party as an "escapist" for advocating a hit-and-run campaign of attrition, Deng was ousted along with...
With the boomers leading the way, the demand for stock has soared in the face of a dwindling number of shares--a textbook prescription for prices to head north. Investors pumped more than $220 billion into stock mutual funds in 1996, nearly double the $128 billion registered in 1995. The bulk of the new money represents "patient" capital from boomers saving up for retirement, according to the Investment Company Institute, the mutual-fund-industry trade group. And the trend keeps getting stronger. Some $24 billion of fresh money flowed into stock mutual funds in January, double the amount...
...earned her $76,000 in just the past year. "I'm a risk taker," she says. "I'm not thinking of pulling out." Neither is Mike Pearson, 48, regional director of a San Francisco company that sells television listings. Pearson says he made more than $1,000 on his mutual funds two weeks ago and likes the bull market just the way it is. "Maybe it's topped out," he says, "but I'm having...
Before this is over, we're all going to lose our shirts. You. Me. The cabbie talking about his mutual funds. The guy behind the deli counter reading Barron's. My "fully invested" barber. The suits on Wall Street. They can afford it. But oh, yes, they'll pay too. We're all floating on the same bubble...
...notches a few hundred points higher. That's heresy in today's stock-crazed world. It could mean missing the better part of a huge rally still to come. So no one is going to do it. Heck, we're still throwing $20 billion a month into stock mutual funds. The inflows haven't even slowed, much less stopped, much less reversed. But the only other choice is to be led to the slaughter. And we are being...