Word: targetting
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Dates: during 1990-1999
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...hired killers. A Westerner who gave a dinner for Berezovsky says his bodyguards were posted on each floor of her nine-story apartment block. Berezovsky has publicly been accused of complicity in several murders; he denies all this and claims that in murder plots, he is always the target, not the villain...
...people who shepherd our money--analysts, brokers, money managers--rarely say it's time to get out of stocks. That's not how they put caviar on the table. Their job is to set a target and, after it's reached, set it higher. For them it pays to snort like a bull even when they feel like a bear. Take Barton Biggs, the well-regarded global strategist for Morgan Stanley. He warns that "stocks almost everywhere are at record valuations, euphoria is epidemic and the bull market cycle has got to be long in the tooth." Yet he says...
Abby Cohen, the closely watched market guru at Goldman Sachs, has become mildly unnerved by the Dow's 10% rise in recent weeks--a gain she had expected would take all year. But she's raising her target anyway. Ralph Acampora, a veteran at Prudential Securities, two years ago predicted the move to 7000. Now that it's happened, his new target is 8250. And once we get there? On to 10,000, natch. Meanwhile, pundits who do make a bear stand don't last. Elaine Garzarelli, known for her 1987 warning, issued another late last summer but has already...
...from government-run pension plans to direct-contribution retirement systems like the 401(k) plan common in the U.S. Managing such plans in the U.S. has given Fidelity access to some $120 billion and provided the means for it to ascend to the top tiers of finance. The biggest target for expansion is Britain, where Fidelity established a beachhead in the summer of 1995. It now manages $170 million in assets there; by 2010, Fidelity group president Robert Reynolds predicts, funds in Europe, including Britain, will roughly equal those in the current U.S. market. The prerequisite, of course...
...funds in the world, continues to move at warp speed. The year 1997 is the one in which he intends to rechannel the huge savings pools in Asia and Europe through the global stock market, duplicating overseas the mutual-fund juggernaut he has created in the U.S. His primary target: the $9 trillion of accumulated savings in Japan, where individual investors still squirrel away much of their earnings in savings accounts that make less than 1% interest annually. Fidelity began selling mutual funds in November 1995, and so far has lured $700 million from investors...