Word: stock
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Dates: during 1990-1999
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Wall Street has more holiday traditions than the North Pole, starting with a Santa Claus rally each December, followed swiftly by the January effect, January barometer and, finally, Super Bowl indicator--all of which are supposed to say something about where stocks are headed. As you might guess, much of the Yuletide lore is pure eggnog. But there's no denying that this season can be magical. The stock market's best months, hands down, are November through January...
...NASDAQ composite a heady 19%. Yet many investors are sitting on the sidelines, waiting out the Y2K fiasco. (You know, mayhem that would make Moses proud when computers misread 00 as 1900 on Jan. 1.) Yes, stock prices could unravel if Y2Khaos really occurs, or if anything else for that matter ignites a panic. Can you say higher interest rates? But serious jitters seem a long shot. The market has already stood firm against three interest-rate hikes. As for Y2K, I believe the panic came when tech stocks hit the skids last summer. Done. Finito. The market...
Meanwhile, cash has been piling up in money-market funds--$37 billion in October, the most since the Asian contagion--and flows into stock funds have been tepid. Y2K worrywarts, it seems, are hoarding more than bottled water and canned food. How should you invest? If Cleland is right, pent-up demand will lift everything, and popular tech stocks will get more popular. The traditional approach is through beaten-up small stocks, which may be coming into favor anyway. Salomon Smith Barney likes beaten-up big stocks, including Fluor, H&R Block and Hasbro. You've got choices. The first...
...speak from personal experience. As a college student in the 1980s, I spent a summer working as an intern in a hospital pharmacy. Whenever we received a prescription order, I would go to the stock shelves, find the right bottle and count out the number of pills that were called for. A registered pharmacist verified my work and swept the pills into a container with the patient's name, which was then delivered to the appropriate floor. One day I put a weaker dose of a heart medication on the counting tray than I should have. Neither the pharmacist...
...What I get here is just above minimum wage so I pursue other ways to make money," he said in Spanish. "I'm not studying the way I want. I want to work less and study more." To supplement his income he invests in the stock market. "I've been investing for the last twelve years. Right now I have Internet access and a broker." His current hot pick? AI solutions, a company that provides human resources. "Last year was very bad, because of the markets in Asia," he explained. "This year, I'm not sure. The governmentis threatening...