Word: tulips
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...point declines, both of which took place in October. Even Fed chief Alan Greenspan got into the October-scare game last week, talking about how stocks might be too risky. Of course, he immediately said they might not be. But he referenced the Dutch Tulip Bulb craze, and that sent the market into still another October tizzy. It finished the week down 630 points, or 5.9%. In November, we wouldn't pay any attention to him, but in the month of Halloween, he spooked us but good...
...that brings me to another batch of three: The Crash of the Millennium by Ravi Batra, who, as they say, has called five out of the past two recessions; Beat the Millennium Crash by Jake Bernstein; and Devil Take the Hindmost: A History of Financial Speculation (Dutch tulip bulbs to junk bonds) by Edward Chancellor. The bubble theories in these books at the very least provide some counterweight to the sky's-the-limit authors...
...manages to dart out of the thicket and rejoin her husband. Now he can play tour guide--a mordant commentator who wants us to know he finds this ritual, like so many other campaign rituals, faintly ridiculous. "All right, well, this is the church," he says. "These trees are tulip trees. And as you can see, it's one of those great stone churches." He tells us how his father, a bank president who suffered from calcified arthritis of the spine, used to "sit and look out at this churchyard, and it gave him a sense of peace, because...
...function as a teaching tool extends to a national level, too: as part of a project called Journey North, students have planted tulip bulbs in the park. They will watch them grow and compare notes with other students via the Internet, documenting the coming of spring up and down the East Coast...
...only since September, is up tenfold and is now six times as big as venerable bricks-and-mortar auction house Sotheby's. Without question, Internet stocks are the hottest things since biotechnology shares soared in 1991 (and crashed in 1992), and may be the hottest things since the Dutch tulip-bulb craze in the 1600s...