Word: peaks
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Dates: during 1990-1999
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...PEAK PERFORMANCE...
...cycle. The S&P 500 dividend yield, which stood at 2.6% on the eve of the 1987 crash, has dropped to 1.5%. The S&P's price-earnings ratio, or P/E (based on expected earnings), is 21--down from 23 in July but still much higher than the previous peak of 19 in 1991, according to earnings tracker First Call. Meanwhile, market leaders still sport bubble-like P/Es: Coca-Cola, where unit sales are growing about 8% a year, has a P/E of 51. Microsoft's is 63; Cisco Systems', 78. High-flying Internet stocks have no P/E because they...
From Wanxian, the river grows narrower, hemmed in by mountain ridges that tower above the boats. This is the start of the famed Three Gorges, a long, picturesque stretch with such place names as the Bellows Gorge, Drinking Phoenix Spring, Witches Gorge and Misty Screen Peak. The rapids that wrecked many wooden junks in the past have been tamed over the years by dynamiting rocks, and are now destined to disappear under 600 ft. of water after the dam is built...
...bought by Sunbeam. The Coleman folks had to sell, or lose, their stock options. But by moving so quickly, they bolstered the view that Dunlap had grossly overpaid. Indeed, nine Coleman insiders, including Levin, cashed out 581,000 shares, according to CDA Investnet--near the post-merger peak and just ahead of the stock's collapse along with Sunbeam...
...athlete, older for a shooting guard and ancient for the top player in the game. And, perhaps, just old. John Updike, who knows Phil Jackson, had his most famous character, Rabbit Angstrom, struggle to recapture the glory of his high school basketball days. "The fact that he peaked so early in his youth makes him true to life, truer than my own life is," Updike once told a reporter. "We all, in a way, peak at 18." Jordan got twice as much as most...