Word: mutuals
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Dates: during 1990-1999
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...August peak and about 7700 in mid-November) and stay there for a year to make people feel so poor that they would cut consumer spending sharply. Weinberg, meanwhile, sees a silver lining in market volatility. It may dissuade "Gladys and Gary in Indiana" from borrowing from their mutual fund or ira to buy a car or house. That might help keep consumer spending and debt from climbing at inflationary speed...
...dividend divided by price) and updated the portfolio once a year, the returns would triple those posted by the Dow Jones industrial average over the previous two decades. O'Higgins' 1991 book, Beating the Dow, was an instant hit and spawned a cultlike following. There are two Websites, three mutual funds, dozens of Unit Investment Trusts (UITs) and untold thousands of personal accounts leashed to the dogs. In all, probably more than $20 billion is invested in his strategy. And, uh, by the way, it doesn't work...
...first to note that his dogs of the Dow--so named because high yields signal out-of-favor stocks--"have become too popular and the market has become too high" for the gambit to keep working. O'Higgins is now writing another book and next month will launch a mutual fund on a different scheme through Valley Forge Funds (888-600-4537). This one has him 100% in bonds...
...Which might make some sleep easier. Others will be alarmed that it took 42 years of atomic weapons for a sitting president to figure this one out, or that the men who gave us Mutual Assured Destruction are still allowed to consider limited nuclear war a legitimate tactic...
...dies on the way to being reborn and we have to see the placental remains: super space goop gore, custard again and a man picking and looking at a piece of his brain from his blown-out-like-JFK skull before dying. The thrill of Alien was in the mutual hunt: nothing happens, for good reason...