Word: dips
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...were, you were pretty much alone as the stock market crumbled on Friday, breaking records on the down side with the same vigor it had displayed for so long while smashing standards going the other way. The question isn't just rhetorical. If you weren't buying this dip, what makes you think anyone else should be willing to step up to the plate...
...sure, though, is that they didn't ride in last week, when the only tracks in evidence were left by the bears who trampled the NASDAQ, which fell a record 25.3% for the week, and the Dow, which on Friday suffered its worst one-day point loss--a, ahem, dip of 618 points...
...their jobs. Interestingly, administrators typically argue against a living wage by claiming that wage standards ignore benefits which workers receive. Perhaps most disturbingly, the workers facing these intolerable circumstances are disproportionately immigrants and people of color--people whom Harvard administrators evidently consider not quite important enough to merit a dip into the $14 billion endowment...
Then everything changed. Or should I say nothing changed? Investors flooded into the market to buy the dip, and the NASDAQ roared back to end the day with only modest losses, then skipped through the rest of the week with little grief. Indeed, tech bellwethers, including Oracle and Intel, finished the week with gains...
...lesson: it may be worth sitting on a stock a little longer to qualify it as a long-term holding. Even if the stock falls, say, 25%; and you're in the top bracket, you'll probably break even because the lower tax rate will offset the price dip...