Word: hocking
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...third is poor judgment, and then the rate of descent gets steep. And another thing: don't get all fluttery, high minded and patronizing just because people look different--that was your parents, that's not you. People are people. And still another thing: don't get yourself in hock to attend a college that isn't much good. It's an education just to leave home and go someplace where people don't understand you and don't even want to. And one more thing: advice is no substitute for personal experience, unfortunately...
...found a tract of land for sale and were dead certain it would be worth 10 times the price to a developer, you'd sell or hock everything you own to buy it. Right? Well, that's the way investors around the globe are behaving with NASDAQ stocks. A massive liquidation of nontech assets is under way as people reach for the means to buy more Cisco, 3com and Apple. It's an incredible display of pack investing that begs the question, Is NASDAQ bulletproof...
What to do? Investors already in hock must prepare a game plan on how they'll raise cash if they face a margin call, says Lloyd Woelfle of American Express Financial Advisers. If you're a novice investor tempted to buy on margin, using leverage is O.K., but you may need to set aside more money than you think to play this game. If you buy on margin, better to stick to high-quality equities, which have a lower downside risk. Borrowing to buy volatile Internet stocks is walking the high wire. And right now that wire is really, really...
GOING GOING...The Miami high school student who tried to auction his "virginty" (sic) online was shut down, but most auction websites don't get nearly so interesting. Listing an item has become so easy and inexpensive that users are beginning to hock anything. Here's a sampling of items recently put up for sale on ebay, Lycos and other auction sites. Just...
...nothing of his political career) and gets consumers to finally start spending. In time, that growth encourages Japan's out-of-date manufacturing firms to begin a difficult restructuring. The result is a top-down, bottom-up postindustrial revolution. And though the government has to go into hock to pay for the resuscitation, it eventually repays its deficit on the back of a newly resurgent Japan...