THE CURSE OF TIME MAGAZINE, they call it.
At the end of 2006, Time magazine's cover said:
. . . . "The Person of the Year is... YOU !" . . . .
Why? Because they dared not name Donald Trump* - the person who most deserved the award.
But that lack of recognition by TIME may in fact be a blessing, since being Time's Man of the Year, often comes with a curse
Look back to 1982, for something similar
But what happened to Computer and computer games shares?
(20 years later, AAPL stock was no better than first half 1983 levels.
Only the recent "I-pod run, has saved it from possible obscurity.)
- IBM ... update : 5-year.mo : 3-year.wk : 1-year
(IBM rose in 1988, and then fell, giving up all the gains from that euphoria,
and then re-invented itself as a consulting company)
Companies like Commodore, Atari, and Sinclair Research have been taken over, or disappeared.
("Atari's history is long, but rocky. Launched in 1972, it immediately made a name for itself with "Pong" – one of the games that kicked off the video game industry. Five years later (under new owners), it brought home video games to the mainstream with the "Atari 2600." A failed attempt to get into the home computer business hurt the company, though, reducing its relevance in the industry.
@: http://money.cnn.com...aming/index.htm )
...and in 2003,
the American Soldier was Person of the Year
The Gulf War II ended, stocks bottomed, and the American soldier became the target of 2004, 2005, 2006...
= = =
SO WHAT is the meaning of the 2006 Cover?
it could be, we are seeing the beginning of the end of the Golden Age of the American Consumer.
And that is the same message being carried by weak stock markets in early 2007.
Let's see if some of the Consumer and Retail oriented stock indicies peak here in late-2006/early-2007...
* What we might have seen - scum-ocrats and the leftwingers who control the Media love Trump / Hitler comparisons: