Word: suckering
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...market had ran from March of 2003, when the DJIA was 7,740 to almost 14,100 in October 2007. An investor in an index fund doubled his money and did even better if dividends were factored in. No one calls the long leg up in the market a sucker rally, but it was for those who did not sell their stocks until early this month when the Dow dropped below 6,600. (See pictures of the Top 10 scared traders...
...market rise of the last two weeks has been described as a "sucker" or a bear market rally. One means about the same as the other. The premise is that the long term trend of the indexes is down. Once in awhile, investors will stir from their depressions to watch the dead cat bounce. In this case, the Dow is up 10% since March...
...What defines a sucker rally is simply a matter of perspective, and, more importantly, when investors buy and sell. Someone with the fortitude or foresight to buy Citigroup (C) earlier this month at $1 would have had a return of two-and-a-half times in a matter of days. It is pointless to figure out what that would be on an annualized basis. Citi is not going to $5,000 in the next year, so doing the math doesn't matter. (See pictures of TIME's Wall Street covers...
Even some high-end critics who cherish film as a visual art aren't sold on the format. "I did buy a Blu-ray," says Jim Emerson, whose cogent blog Scanners runs on rogerebert.com "and I feel like a sucker. To me, some DVDs look more like 35 mm than Blu-ray does. In another 10 years, who is going to need a plastic physical disc to store digitized information? I think Blu-ray is a transitional format that won't last long...
...sports columnist Art Thiel. "I expected to react to this somber state of affairs by getting drunk, but I haven't," wrote fellow sports columnist Jim Moore. Editorial cartoonist David Horsey, who, as McCumber puts it, legally owns two Pulitzers, observed that owning a newspaper is "quite suddenly a sucker...