Word: stocking
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Dates: during 2000-2000
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...says Harris has proved "a masterful hardball politician under extraordinary pressure. She's made sure that every move she makes says, 'I'll be damned if I'm the one who's going to get blamed for costing [George W.] Bush the election. Let the courts do it.' Her stock will rise after this...
Like Harry Potter peering into the mirror of Erised, investors examining this wacky stock market can see exactly what they want to see. The fumbled election? Terrible news, say the grim. No clear winner; no telling what's in store. Wonderful news, say the glib. So much confusion means so much gridlock in Congress that we'll probably not get any dumb spending bills or tax cuts. Read: The surplus is safe...
...strong dollar? It diminishes the value of foreign earnings and makes U.S. goods less attractive abroad, hurting multinational companies like Gillette and Goodyear. But it's also luring tons of foreign investment to the U.S., putting a floor under stock and bond prices...
...investor psychology, it has turned circus-freak ugly. Not a serious buyer in sight. Cash is piling up in money funds, which stand at a record $1.8 trillion. Cash at stock mutual funds equals 5.3% of assets, up from 4% in March. Yet to bulls, these stockpiles represent buying power ready to push prices higher. "I've never seen so many people on Wall Street talking to so many other people on Wall Street trying to figure out what's happening," confesses John Manley, a market strategist at Salomon Smith Barney...
...That we know now that in case of nuclear war, global pandemic or stock market crash, President George W. Bush would be able to stay on message...