Word: stockings
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Dates: during 1990-1999
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...have seen the future of the American economy, and its name is NASDAQ. The tech-heavy stock index continued its surge into record territory Thursday morning, after Wednesday's historic breaking of the 4,000 barrier. And while the good new continued for the Dow and the S&P 500, both of which surged in the last trading session before Y2K, neither has been able to match the NASDAQ comebaq. That index's outperforming of both the Dow and the S&P may make 1999 the year tech stocks finally silenced their naysayers. "The NASDAQ represents the vanguard...
...wackier moments--racking our brains about how to force ourselves to learn these great new companies, with market capitalizations already north of $10 billion--we resorted to a Rotisserie League of our own, a stock Rotisserie League. In our league, which focuses on companies that help other companies mine the Internet (called business-to-business), we draft and play real-live stocks with a mythical million-dollar pool...
...results have been spectacular. My sparring partner, my associate Matt Jacobs, and I, forced to pick 10 "teams" each to compete in the B2B Rotisserie League, have crash-coursed the whole 1999 new-stock lineup. We make our mistakes with phony money and save the real deal for the portfolio. Our draft may have lacked the tension of the NFL's live ESPN version, but it turned up such gems as VerticalNet, VeriSign, Commerce One and Ariba, companies that until I had to lay out 750 Gs of Rotisserie money, I couldn't do much more than ogle from afar...
...course, it helps that we picked the hottest sport in the stock market to create our league around. Both of our teams (see thestreet.com for the rosters) have had big moves since their inception a month ago. But I know we would have sat out most of the real action in the likes of CMGI and Internet Capital Group--two league phenoms--had my associate not taken them in the top rounds of our mock draft...
...funny. I always tell people that if they would just spend the same amount of time analyzing the stock market that they do the sports pages, they could make a fortune picking stocks. Now, given the time I spent setting up my league--vs. the rigor of picking 14 teams in my Fantasy Football League this weekend--I have the proof. Just as in sports, youth matters. As of last Friday, my 23-year-old associate Matt is up 26.1% to my 19%, helped by a 50% jump in his Internet Capital Group. I'm being hurt by AskJeeves, down...