Word: summers
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Dates: during 1990-1999
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...delight delights me, and I am down with the summertime blues. Winter lifts me up, and summer drags me down, and always has. A good thunderstorm helps, but then the sun comes out. I used to enjoy playing golf in the summer, but golf is a game that brings out the worst in people, and fishing is a very poor use of time, and basketball is perilous for the older guy. He fights for a rebound and snaps an Achilles tendon and spends six months in a walking cast--I wouldn't even want to be in the cast...
...steps and a stumble" has lost its magic too. Yet the theory deserves comment as an alert to the dangers of rising interest rates. Last week the Federal Reserve bumped its target for the benchmark federal-funds rate to 5.25% from 5%. It was the second such hike this summer, and many believe that the Fed will move again in October. That would fully reclaim the cuts put in place during last year's global crisis and give the Fed more room to cut rates all over again if anything goes wrong at year's end. (Remember...
What should you own? If rates keep rising, the rotation into cyclical stocks like Alcoa and Caterpillar that began in April but stalled over the summer could regain momentum. "That play has been shaken but not yet disproved," notes John Manley, market strategist at Salomon Smith Barney. In the fixed-income world, short-term securities are best because they are easily held to maturity and rolled into higher-paying investments...
...first place. Despite interest rates that are markedly higher today than a year ago, it's not at all clear that rates will keep climbing. In fact, long-term interest rates--set by bond traders, not the Fed--have tumbled in recent weeks on faith that this summer's boosts in short-term rates are enough to stop inflation cold. If that's the case, the logic of the previous two paragraphs applies--in reverse. No one said this is easy. You'd want to avoid T bills and cyclicals and own bonds and growth stocks, including techs and bank...
Until survivor Lance Armstrong triumphed in this summer's Tour de France bicycle race, testicular cancer didn't get a lot of press. One likely reason is that men hate to think about a malignancy in that vital and exceedingly sensitive part of the body. The treatment--surgical removal of the testicle--is even worse to contemplate. But another reason is that testicular cancer is relatively rare: only 7,400 cases will be diagnosed in the U.S. next year, representing 1% of new male cancers. Prostate cancer is 30 times as common...