Word: outguessed
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Trying to outguess that uncertainty can be particularly frustrating to small investors. Why, for example, when a company announces higher earnings, does its stock so often go down? In their jargon, brokers and analysts say that they have already "discounted" the news-meaning that they anticipated it and "sold on the news." An investor might also think that market averages will fall when other small investors sell more stock than they buy. In fact, markets often go up because professionals figure that small "odd-lotters" overreact and are generally wrong...
...their teachers, force these students to cheat by placing too much emphasis on tests. Do tests necessarily have to be contests in which the teacher on one hand is doing his best to outwit the student and the student on the other hand is doing his best to outguess the teacher...
...disgust. Skilled fishermen sometimes try to trick a white marlin onto the hook by "racing" the bait (skipping it swiftly along the surface), then suddenly dropping it backward as the openmouthed fish approaches. Even that tactic often fails. "Ain't nothing in the ocean so hard to outguess as a marlin," says one Ocean City charter-boat captain. "All I've learned in 15 years is never to expect no favors from them...
This year, 85,000 college and high school students, in classrooms where TIME is used, are among those trying to outguess TIME'S editors. For those who got it wrong, we will confide that the leading nominations from readers (though not in this order) were U Thant, Kennedy, Mrs. Roosevelt, James Meredith, Castro, Adlai Stevenson, and the man who on this week's cover is proclaimed...
Last year's one point victory over Yale was only one of many fantastic upsets Brooks has pulled off by skillful manipulation of his personnel. There is a feeling around the Indoor Athletic Building that if he can outguess the Army coaching staff Brooks may do it again today...