Word: summer
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Dates: during 2000-2009
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...summer months since 1994 have tended to show weakening performance as the summer wears on. We believe this has to do with an increasing trend toward longer summer vacations among the Wall Street set. Also, we are a global market today, and lengthy summer vacations are popular in many corners of the world...
...this summer the stock market has rallied. Precisely, and that goes against the seasonal pattern that has been in effect. If you go back and look at other times when that has happened in the last 15 years - a positive stock market during the summer - the results show that the stock market also has a positive September and keeps strengthening throughout the rest of the year. (Read "Bernie Madoff's Other Legacy...
...bands (L'Arc-en-Ciel and Oblivion Dust, respectively) have always had strong presences in the J-rock scene, each shifting tons of albums to a shared fan base. But there's no escaping the fact that their day jobs were never this straight-up. Like a well-deserved summer break, the album sees them do what they do best, showcasing screeching vocals and guitar against the unobtrusive, workmanlike backing of a rhythm section of keyboards, bass and drums. Almost all experimental fat is trimmed...
...Booker Prize winning novel by Indian author (and occasional TIME contributor) Aravind Adiga. That a story about a poor Indian hustling his way in Bangalore sold millions of copies all over the world, notes Kureishi, shows that post-colonial fiction has reinvigorated the novel. (See Aravind Adiga's Summer reading list...
Exceedingly smart move. Since the summer of 2005, house prices in Sacramento have plummeted by half. Choe and his family - which now includes a second son - watched from the sidelines until the end of last year. That's when the Choes moved back into a home of their own, a four-bedroom they plucked out of foreclosure at a 35% discount from what it had sold for two years earlier. (See pictures of Americans in their homes...