Word: hype
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...hype didn't last...
...addition of Ramirez will certainly make Boston a contender this season. The Sox might even win the AL East, which would add even more hype to a possible playoff showdown with the Yanks. But, the postseason has and will always depend on pitching. A seven-game (or, heaven forbid, a five-game) series is usually determined by which pitching staff--starters, middle relievers, and closers--has more talent...
...American. This myth is a little bit more complex. Some pundits, so naive they should never have been given a bully pulpit, have pointed to the recent slowdown as proof that the New Economy was a ruse. They point to the equally naive proponents of all the New Economy hype who promised an end to the business cycle, growth and prosperity forever and a stock market that never went down...
...make the business cycle go away, and anyone who believed so deserved to lose all the money they had plowed into shares of hopeless dot-coms. And now that we are in an ever-so-slight downturn in the business cycle, those who say the Internet was all hype have obviously never used eBay or experienced one of the myriad forms of collaboration and communication that weren't possible even five years ago without the Internet...
When it comes to reading about the economy and your money, it pays not to believe the hype that you read in the press. Everyone has their own interest in mind, and the same person who's trashing tech stocks on CNBC has probably shorted the NASDAQ behind the scenes. What we have now is a small correction, and anyone who says otherwise either knows more than Alan Greenspan--who remains cautiously optimistic-- or has got a horse to sell...