And, as the following chart suggests, the last time the UIG broke through the 3 % barrier — on the way up — was in 2004, soon after the beginning of
the last dollar bear market.
Not exact matches
No
last - minute fire sale could be arranged this time — the way
Bear Stearns had been swallowed whole, for pennies on the
dollar, by J.P. Morgan six months earlier.
Other currencies which have
borne the brunt of the
dollar's rally in the
last two weeks such as the Australian
dollar, Canadian
dollar and the Swiss franc stabilised on Wednesday, rising between 0.2 to 0.4 percent.
This led to the joking idea
last year that we should create a mutual fund of baseball gambling, quietly socking a few hundred
dollars away every year instead using a
boring ol' 401 (k).
The feds have indeed funded
bear DNA research — b - e-a-r DNA research — to the tune of almost five million
dollars over the
last five years, which is way more than the three million
dollars that John McCain keep springing up as an example of wasteful government spending.
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Maybe they
bore the brunt of a few too many high
dollar repairs, or been left stranded in the office parking lot for the
last time.