Word: teche
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...fear, Wall Street tumbled Monday and Wednesday with the barest of bounces in between, and revisited some milestones of its own. The Dow, shedding more than 800 points, dipped below 10,000 for the first time since fall. The NASDAQ slumped under 2000 and officially erased two years of tech run-up. The S&P finally notched its 20 percent and joined the bear club...
...underdog from the Big 10. The Bald-Dome Index says Indiana's going to go far! Mike Davis, what a coach! Gotta love him! Of course, Bobby Knight's a great coach too. I'm not knocking Mr. Knight. Bobby, what a guy! He's a superstar, baby! Texas Tech would be so lucky to get him! So would UMass. If Bobby came to town, there'd be a party in the Mullins Center. Party in the Mullins, baby! Go Bobby! We love you! But Coach Davis, whatta guy! Indiana! Final Four baby...
...NASDAQ has of late been the economy's best leading indicator - the crash of spring 2000 begets the economic slowdown of fall 2000, for example - and the tech "wealth effect" has also become the main engine by which Alan Greenspan gets rate-cut money into people's pockets before the cuts actually have their full effect on the economy...
...Monday, the NASDAQ dropped more than 6 percent and found a low - 1923 - not seen since December 1998; the mind-blowing 15-month rally that pushed the tech-heavy index to beyond 5000 on March 10 of last year is now utterly erased. The Dow dropped, er, only 4.1 percent (a measly 436 points) as each and every one of the index's 30 stocks lost ground. And the S&P 500 finally slipped into official "bear market" territory, now 23 percent off its highs and tasting those same December 1998 depths as the NASDAQ...
MUSIC TO YOUR EYES For the past 77 years, the Photo Marketing Association has met annually to gawk at the latest high-tech cameras. Among the standouts this year was Kodak's mc3, a digital camera that takes pictures, records video and plays back up to 1 1/2 hours' worth of music in the MP3 format. The mc3 will retail for $299 and will be available in mid-March. Also on display was a nifty thing called (e)film. Load this electronic film into (most) old-fashioned 35-mm cameras and--click--take digital pictures...