Word: peak
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...ebbing. During the same month, retail sales rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from which the Dow began its steepest slide in history, culminating in the 508-point crash...
Some analysts are encouraged that investors have been going back into the market slowly and cautiously, in comparison with the mob scene in mid-1987, which made everyone skittish and panic-prone. That is not the mood this time around -- at least, not yet -- and markets rarely hit their peak until all types of stocks are overbought, professionals become exuberant, and even small investors are snapping up stocks with abandon. Peter Lynch, manager of Fidelity's $11.5 billion Magellan mutual fund, recalls that "in the summer of 1987, torrents of cash were coming at us out of money-market funds...
Though it is rarely fatal, can be controlled by antibiotics and struck only 5,000 people nationwide last year, Lyme disease has become as dreaded as the black plague. Two weeks ago, the hysterical overreaction to the tick-borne affliction reached a new peak. Obsessed with fear that he had contracted Lyme disease when he was bitten by ticks on fur-trapping expeditions over the years and then passed it along to his spouse, a 73-year-old man killed his wife and then himself with a twelve-gauge shotgun in their East Detroit home...
...since the peak of the anti-Viet Nam War movement in the late 1960s have so many reporters felt the urge to stand up and be counted on a national question. And as with Viet Nam, the dilemma is more pressing for reporters who espouse the liberal side of the issue. "To me, the struggle for abortion rights is as important to women as the struggle against slavery," says a Chicago Tribune reporter. "This isn't about whether they're going to build some bridge downtown. This is about my body...
...occasions when the antagonists do fight at close range, the results can be fearsome. In a month-long clash ending last May, soldiers battled intensely on a mountain and ridges near the Chumic Glacier. Both sides dispatched men in a furious race to an icy 21,300-ft.-high peak that commanded the area. "The secret in this terrain," says an Indian officer, "is to be the first on top." Seeing that the Indians would in fact get there first, the Pakistanis took a gamble: in howling winds they tied two soldiers to the runners of a helicopter...