Download PDF by HENRY EHRENREICH and FRANS SPAEPEN (Eds.): Contents


ISBN-10: 0080865178

ISBN-13: 9780080865171

ISBN-10: 0126077525

ISBN-13: 9780126077520

The explosion of the technology of mesoscopic constructions is having a very good effect on physics and electric engineering due to the attainable purposes of those buildings in microelectronic and optoelectronic units of the long run.

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High school students would go to college, get married, have children, and approach middle age to the accompaniment of a rising stock chart. Given the longevity of the bull market, it is hardly surprising that so many Americans came to regard buying stocks as an easy way to get popular capitalism 29 rich. The Internet stock mania during the late 1990s was like the frenzy on the dance floor at the end of a wedding party. The disc jockey may have prompted the excitement by playing a popular tune, but the real reason that people were singing at the tops of their lungs and waving their hands above their heads was that the free bar had been open all day.

Initially, much of the new money went into money market funds, but this soon changed. In 1985, for the first time, the total amount in stock and bond funds surpassed the amount in money market funds. It is no accident that the bull market and the development of the mutual fund industry coincided. Rising stock prices drew money into mutual funds, and mutual funds poured money into the stock market. During 1995, Americans invested more than $100 billion in stock funds, and the figure went up from there.

From then on, the stock market and the economy recovered in tandem. By the end of 1982, the Dow was trading above 1,000. The greatest bull market ever—one that would see the Dow rise more than tenfold and the Nasdaq rise almost thirtyfold—was under way. An entire generation of newborns would get their driver’s licenses before the stock market would see another lengthy downturn. High school students would go to college, get married, have children, and approach middle age to the accompaniment of a rising stock chart.

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