Word: pullbacks
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Dates: during 1990-1999
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Making Murphy's decision to pullback Giampaolo even more unusual was that the senior placekicker had been having a career game up until that point...
...stocks tumble? In retrospect, it seems clear that as they were hitting their highs, speculation had taken over. The average Net stock had risen 475% in the previous six months. Internet initial public offerings were routinely doubling and tripling on the first trade. A pullback was in order...
...Rarely does a major shift in investor thinking arrive without a dose of market pain. "Most of the Internet stocks have made their highs," declares Dick McCabe, market analyst at Merrill Lynch. He believes the industrial stocks will re-emerge as market leaders later this spring, following a wide pullback. If he's right, the fuddy-duddies may at last celebrate for a good long while--if, that is, by then they haven't joined everyone else and plunked their savings on the same five tech stocks...
...expect that REIT shares will remain under pressure until the market sees more evidence that public ownership of real estate companies really does put a leash on the boom-bust mentality. The good news is that such evidence is building, as last fall's pullback suggests, and that REIT shares are so depressed--many trade below their breakup values--that they represent a real buy. If you're looking for a way to hedge your com bets, consider quality names like Boston Properties and Equity Office, or a REIT index fund, including Vanguard...
...strike against the Serbian forces in Kosovo, Milosevic had the gall to challenge Holbrooke with a small joke. "Are you Americans crazy enough to bomb us over our security police?" he asked. "Yeah," Holbrooke quietly replied, "we are." The deal he won in Belgrade, which calls for a Serbian pullback and 2,000 "verifiers" to help assure a peace, comes from Holbrooke's understanding of how the Serb leaders think, a process of brutal rationality...