Word: stockings
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Dates: during 1990-1999
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...from under House Republicans, who want to use some of the surplus for a huge election-year tax cut--$702 billion over 10 years.) So far so good. But saving Social Security means making hard choices--moving part of the trust fund into the risky, higher-return stock market; allowing individuals to oversee their own private investment accounts, which means allowing them to risk losing their nest egg; cutting benefits, raising taxes or trimming other parts of government. The battle begins at a White House summit in December, with legislation to follow next year. Since a handful of congressional Democrats...
Even in a bull market, individual stocks can tank and leave small shareholders devastated. Recent examples include the staggering 84% decline at small-appliance maker Sunbeam and a 66% drop at franchise operator Cendant, where just last week chairman Walter Forbes resigned under pressure. Both are widely held stocks, and, predictably, both now face scores of lawsuits that allege accounting fraud. Ultimately, the cases against both will become class-action affairs and so serve all who owned the stocks before their meltdown. But even if the suits succeed, the overwhelming odds--and this is true in any suit over...
...your broker, barber or brother off the hook for that lousy stock tip just yet. But don't dismiss the value of being part of the lawsuit either. After all, the money you lost is gone. Whatever you recover is better than nothing, and it won't cost you a cent to collect. The tricks are staying informed so that you know when to file a claim and being able to lay your hands on the needed documents when judgment day finally arrives. If you were pummeled in any of the recent debacles--recall the collapse of HMO company Oxford...
...fooled by the rally. The market came nowhere near to rectifying Tuesday's losses, and the overall trend is down. "People haven't made money in the market for four or five months," says TIME's Wall Street columnist Daniel Kadlec. "The average stock is down 25 percent since the year's high. Smaller stocks are down 40 percent. This is a real correction, whether the Dow trips 10 percent...
...error occurred while processing this directive] Inexplicably, it was the most inflated stock of all -- Internet companies -- that bucked the trend Tuesday. In the face of a 300-point Dow plunge, Amazon.com and AOL managed to close with small gains. "You would expect the mania-type stocks to be hardest hit," says Kadlec, "but there's still a lot of high expectations surrounding the Internet." A correction is a correction nevertheless, and Kadlec believes the tech bubble will burst soon enough. Indeed, AOL dropped three points amid Wednesday's rally. Don't say we didn't warn...