Word: stockings
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Dates: during 1990-1999
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...ruefully watching as the market plunged last Tuesday. "Our customers are very investment driven," McGuire says. Just last month a retired engineer plunked down $50,000 in cash for a mid-size Mercedes as a present for his wife--a purchase paid for with money made in the stock market the previous week...
Never before have stocks been so important a form of wealth for so many Americans, whether they hold shares directly or through mutual funds and 401(k) accounts. Forty-three percent of adult Americans hold stocks, the broadest ownership ever. And Chris Varvares, president of the forecasting firm Macroeconomic Advisers, traces more than one-third of the growth of consumer spending last year directly to the wealth effect. Economists calculate that investors tend to spend about 4 [cents] of every dollar they gain in stock-market wealth...
...primary concern was to protect the existing stock of housing in this stretch of Mass. Ave. and in the abutting neighborhoods," said Marilyn Z. Wellons, co-author of the Anderson Petition...
...intended to cut down on frivolous class-action suits, stacks the deck against you. But in cases in which there's serious evidence of fraud--not just bad luck or bad investing--there are some things to consider. Don't hang on to the losing stock unless you believe it will rebound. Your loss is calculated from the date when any alleged shenanigans become known...
Most important, gather records of your stock purchases and stow them. Digging up brokerage statements years after the fact is never easy and is the main reason more shareholders don't file claims. Another reason is simply not knowing about a settlement. If you move or change your name or account, the courts may not find you. So call your broker, the company's investor-relations department or the lead attorneys in the case every six months for an update. Sure, it's a hassle. But even in a bull market, you have to work a little...