Word: peakedness
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The theory is that the tobacco industry enjoys enormous price elasticity--i.e., it can raise prices on its addictive product and not lose sales. In England a pack of smokes goes for nearly $5, vs. less than $2 in the U.S., and yet they still have plenty of smokers. But...
Well, now even that density has been penetrated. The Dow Jones industrial average fell a pulse-quickening 608 points (8.6%) at its low, after peaking at 7085 on March 11. And that doesn't come close to describing the anguish out there. Technology stocks are in a full-fledged bear...
North Carolina (24-6) is red hot with a 12-game winning streak. They have peaked at the perfect time, and Dean-o knows how to win. A second-round victory would give him the all-time career Division I wins record. South Carolina (24-7) is a threat in...
Princeton defeated Harvard this weekend and won the Ivy League title. But, in the Crimson's mind, the Tigers have peaked; Harvard has different goals.
The Tanners were beneficiaries of a feeding frenzy at Boeing that has hardly abated since orders for models from 737s to 777s took off last year. The world's No. 1 builder of jetliners, which agreed in December to acquire McDonnell Douglas for $13 billion, added skilled workers last year...