Christmas is almost upon us and most of us strive to
observe this period as a season for giving, laughter, family and friends.
Not exact matches
An
observed one - year
period of addiction would be required for someone's case to be classified
as gaming addiction under the ICD - 11 draft.
One of the elements of that process,
as I
observed approaching the 2000 and 2007 peaks, and again during the extended range - bound
period of recent quarters, is that deterioration in broad market internals — particularly following an extended
period of overvalued, overbought, overbullish conditions — is a sign of increasing risk - aversion that typically precedes more extensive losses in the capitalization - weighted averages.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended
period of internal divergence
as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
as measured by breadth and other market action, and complacency at best and excessive bullishness at worst,
as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weaknes
as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we
observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do
observe economic weakness.
Equally important, even during extended speculative
periods as we
observed in the late - 1990's, those advances have tended to suffer deep and abrupt intermediate - term corrections once elevated valuations are joined by overbought conditions, overbullish sentiment, and rising interest rates,
as we
observe today.
As Bill Hester recently
observed, the current level of economic activity has had a much higher probability of being recessionary in
periods when the S&P 500 was also weak — for example, below its level of 6 months earlier, or below its 12 - month moving average.
In my own case, it grew over a considerable
period of time, partly
as a result of what perhaps may be called logical reasoning, and partly from
observing the successes and failure of others, but much of it through the more painful method of learning from my own mistakes» Phil Fisher
However, having
observed it over a
period of time and looking to the investor's response towards Bitcoin, Peter Theil started to realize that this could serve «
as a reserve form of money.»
The science is
as solid
as determining the
period of Pluto's orbit, which hasn't yet been
observed making a single transit yet.
As T. V. Philip observes, almost all of those who went out as missionaries in the earlier period were «a distinctive social class in British society... of craftsmen, small traders, shoe makers, printers, ship builders, school teachers...» William Carey, for instance, plied the trade of a cobbler to supplement his meagre earnings as a village school teacher and Baptist pasto
As T. V. Philip
observes, almost all of those who went out
as missionaries in the earlier period were «a distinctive social class in British society... of craftsmen, small traders, shoe makers, printers, ship builders, school teachers...» William Carey, for instance, plied the trade of a cobbler to supplement his meagre earnings as a village school teacher and Baptist pasto
as missionaries in the earlier
period were «a distinctive social class in British society... of craftsmen, small traders, shoe makers, printers, ship builders, school teachers...» William Carey, for instance, plied the trade of a cobbler to supplement his meagre earnings
as a village school teacher and Baptist pasto
as a village school teacher and Baptist pastor.
As we have said, it appears to be the case that every zoological chain
observed over a sufficiently long
period can be seen to modify itself in a given direction (shape of limbs or teeth, relative development of the brain.
Viktor von Strauss, the first to notice the ancient cultural change that was later named the Axial
Period, described what he
observed as «a strange movement of the spirit [which] passed through all civilized peoples».3 Such «movements of the spirit» may be the key to our understanding of the next phase.
Gustave E. von Grunebaum is an Islamic scholar who seeks to
observe Islam objectively, neither
as a Westerner nor
as an Islamic apologist; his Medieval Islam: A Study in Cultural Orientation is a perceptive, and at times provocative, analysis of the
period of development following the initial expansion of Islam.
The violence comes
as Shiite Muslims across the world are
observing Ashura, a
period of mourning commemorating the martyrdom of Imam Hussein, the Prophet Mohammed's grandson and one of Shiite Islam's holiest figures.
It is also emphatically to be
observed that in very fact the principle of exact retaliation is not normative in the Old Testament; that the law is demonstrably of Canaanite formulation
as it appears here, borrowed for an interim
period by Israel, and retained only for certain particular cases
as a norm of judgment in specific instances of injury.
As Erik Erikson
observes, the achievement of intimacy in young adulthood provides essential equipment for handling the life task of the next
period, generativity.
As John Naisbitt has
observed in Megatrends (1982), most trends are found to be interconnected and part of a worldwide process; most also occur over a
period and without fanfare.
These observations are consistent with current research if we assume the researchers were
observing babies with a fairly typical nursing pattern, where baby has a longer sleep
period at night and gradually decreases the amount of time between nursing
as the day progresses.
A
period of rapid growth for your baby, you will
observe various changes for the next months in your babyâ $ ™ s life
as he gains new skills and learns more about the world.
The distinction between SIDS and other SUIDs, particularly those that occur during an
observed or unobserved sleep
period (sleep - related infant deaths), such
as accidental suffocation, is challenging and can not usually be determined by autopsy alone.
The distinction between SIDS and other SUIDs, particularly those that occur during an
observed or unobserved sleep
period (sleep - related infant deaths), such
as accidental suffocation, is challenging and can not be determined by autopsy alone.
He
observed that Malaysia, which had independence at the same
period as Ghana, had added value to its palm oil production and currently producing diversified products from that commodity, thus making it one of the world's buoyant economies.
«The court
observes first of all that the data to be retained make it possible, in particular, (1) to know the identity of the person with whom a subscriber or registered user has communicated and by what means, (2) to identify the time of the communication
as well
as the place from which that communication took place and (3) to know the frequency of the communications of the subscriber or registered user with certain persons during a given
period.
The First Lady who is also the President of the Organisation of African First Ladies Against HIV / AIDS (OAFLA)
observed that since the inception of health mission
as part of Lordina Foundation work, she and her team members have visited eight other Regions with Upper West being the ninth and that over 51 hospitals and canters have been supported during the
period.
«We don't know if the
observed reversibility of the disease symptoms
as observed in the mouse,» he says, «exists in humans who have a much longer
period of pre - and post-natal brain development than mice — months and years in humans, weeks in mice.»
They
observed how affectionate and responsive mothers were to their children at each age
period,
as well
as how much mothers provided age - appropriate learning materials.
While a GCM portrayal of temperature would not be accurate to a given day, these models give fairly good estimates for long - term average temperatures, such
as 30 - year
periods, which closely match
observed data.
«The robustness of the patterns we
observed in the different control groups points to very early gestation
as the
period when the fetus is especially sensitive to the environment.
As part of the HeMiBio (Hepatic Microfluidic Bioreactor) project, researchers at the Fraunhofer Institute for Cell Therapy and Immunology IZI in Potsdam in collaboration with partners at the Hebrew University of Jerusalem have developed a microbioreactor in which liver cells can be kept alive and
observed for a
period of one month.
Severe health effects have been
observed in populations drinking arsenic - contaminated water over long
periods, and research has established that drinking water contaminated with arsenic causes skin cancer and several internal cancers such
as lung, bladder, and kidney cancer,
as well
as cardiovascular disease and other adverse outcomes.
From 1645 to 1715, a
period known
as the Maunder Minimum, there were virtually no sunspots
observed, indicating a «quiet»
period in the sun's activity.
Thus, researchers can
observe microscopic action, such
as cell and molecular movements, for longer
periods of time.
Additionally, extinctions below the species level are documented in this time
period (e.g., 7) and,
as argued in our Report, may contribute to the
observed velocity - endemism relationship.
«What's interesting is that the temperature increase
observed during this recent 32 - year
period was
as large
as that measured at the lighthouses spanning 120 years,» said Kuffner.
In terms of precipitation, a decrease was
observed in annual precipitation over the
period as a whole, although these trends «are not significant.»
The Sun is currently heading towards a
period of minimum activity and an international team has used the full BiSON dataset to try to look for clues in previous cycles
as to what might be causing some unusual solar activity
observed lately.
«The fact that this high - speed flickering was
observed at the same time
as flickering with a typical 1/10 second
period may mean that the flickering aurora was caused by «electromagnetic ion cyclotron waves» (* 2), which are affected by both oxygen and hydrogen ions.»
Where (equilibrium / effective) climate sensitivity (S) is the only parameter being estimated, and the estimation method works directly from the
observed variables (e.g., by regression,
as in Forster and Gregory, 2006, or mean estimation,
as in Gregory et al, 2002) over the instrumental
period, then the JP for S will be almost of the form 1 / S ^ 2.
Ground - based observations are great for getting data covering long time
periods; they can
observe bright transient outbursts (such
as the volcanoes on Io); and they help to put spacecraft data into context.
As a consequence, their results are strongly influenced by the low increase in
observed warming during the past decade (about 0.05 °C / decade in the 1998 — 2012
period compared to about 0.12 °C / decade from 1951 to 2012, see IPCC 2013), and therewith possibly also by the incomplete coverage of global temperature observations (Cowtan and Way 2013).
This increase in water levels matches an increase in precipitation
observed during that same
period (Figure 3 - 19) and suggests that climate — and specifically mountain precipitation —
as and is the primary driver of Madison Limestone aquifer water levels (i.e., groundwater replenishment and storage).
Rotating the disk forward and back makes the superfluid helium flow around in the cavity, and the amount that is superfluid can be
observed as a change in the
period of oscillation of the disk.
The shell,
as we
observe it from Earth today, began forming about 2,700 years earlier when U Antliae went through a short (a few hundred years) but rapid
period of mass loss.
As discussed in the appendix, even in
periods with overall good coverage in the
observing system, large regions in Southern Hemisphere (SH) are not well sampled, and their contribution to global heat content variability is less certain.
This energy imbalance was very small 40 years ago but has steadily increased to around 0.9 W / m2 over the 2000 to 2005
period,
as observed by satellites.
If the Sun were a distant star, we could
observe its 11 - year cycle
as a variation in integrated H+K flux with this
period and with a peak - to - peak amplitude some 30 % of the mean.
The
observed shift in the Hulse - Taylor binary's orbital
period over time
as it loses energy to gravitational - wave emission.
As to proper spacing of children, traditional cultures do not practice birth control; the proper spacing was therefore only regulated by the
periods of abstinence from sexual activity
observed in most cultures alongside of the fasting regiments.
As with any supplement, get the product, give it a trial
period,
observe its effects on yourself minutely and then make a decision to continue with it or not.
Finally, in Pasiakos et al. [40] participants undergoing an equal calorie deficit and consuming the same amount of protein
as those
observed in Mettler et al. [29] lost three times the amount of LBM over the same time
period (0.9 kg in the first two weeks of energy restriction
observed by Pasiakos versus 0.3 kg
observed by Mettler).