Word: nino
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Wall Street's gurus are, of course, on the case. What can the price swings mean? Surprisingly, a crowd that has no trouble gleaning significance every time Alan Greenspan sniffles is coming up short on the price-volatility question. (Maybe they'll blame El Nino.) Some suspect that rising volatility signals a market about to run out of gas, but then they run out of evidence. Others conclude that this is a random event with no meaning...
Meteorologists predict that due to an unusually strong El Nino in the Pacific, we could see enormous snowfalls here in the Northeast this winter--perhaps even topping the record set two years back...
MORE ABOUT EL NINO...
Your excellent article on El Nino mentioned the two-week colloquium on the phenomenon held in Boulder, Colo., in July [SCIENCE, Aug. 18]. We'd like to make it clear that this conference was sponsored by the National Center for Atmospheric Research's Advanced Study Program. For those interested in the meeting's outcome, see the Web page at www.dir.ucar.edu/esig/enso MICHAEL GLANTZ, Colloquium Organizer National Center for Atmospheric Research Boulder, Colo...
...kind of dress rehearsal for the sort of decision-making we could face in the coming century if, as many scientists anticipate, the planet heats up from the accumulation of greenhouse gases in the atmosphere. As Moura puts it, "If we don't know how to react to El Nino, how can we react intelligently to something that is far less tangible...