Word: new
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Dates: during 1990-1999
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...count on it, and please hold the nasty e-mail if it doesn't happen. But timing the market rarely works anyway, so why not give yourself a chance. If you're tempted to cut and run--don't; and if you have cash earmarked for stocks after the New Year, start investing...
John Cleland, chief investment strategist at fund company Security Benefit Group, is so convinced that stocks will "melt up" next month that he has begun a special marketing campaign to attract new money by year's end. "Y2K will be the biggest nonevent in history," he predicts. "The door will not be wide enough for everyone who wants to buy stocks in January...
...strong market big time. Many companies fund their pension obligations in January, giving the market a boost. And there really is a January effect. Stocks that had been sold purely to lock in tax benefits the previous year tend to get noticed and bid higher early in the New Year, often resulting in a rally led by small stocks. There will have been plenty of tax selling by the end of this year. Roughly 60% of all stocks are down for the year, according to Salomon Smith Barney...
...fans of boxing discovered a century ago, games become more socially acceptable when they're confined to arenas and given rules. And the new, paintball-like feel may even improve Quake's reputation in the eyes of teachers, parents and legislators in the post-Columbine era. "We are sort of a poster child for violence in video games," says John Carmack, id's founder and owner, "but when people sit down and have a good time in Quake III, it's hard for them to think this is a bad thing...
...example, soon after the new arthritis drug Celebrex became available, the Food and Drug Administration received 53 reports of dispensing errors that occurred when it was mistaken for the seizure drug Cerebyx or the antidepressant Celexa. Searle, the maker of Celebrex, ran ads in medical journals this summer to point out the similarities to doctors and pharmacists and make them aware of the dangers of mixing them up. Although the FDA regulates drugs for safety and efficacy, it does not pay as close attention to their names...