What Do Work Boots And Istanbul Have In Common?Pam Black
No question about it: 1993 had a lot of drama, and it wasn't only from the market's new highs in December. Rags turned to riches, riches to rags. Oddball companies such as Fibreboard and Cellular Technical Services dribbled along, only to take off thanks to some pivotal event such as a legal settlement or contract announcement. Meanwhile, companies such as British transportation giant Tiphook and a California real estate investment trust plunged when bad judgment, bad times, or both set things askew. As for the funds, some of the top performers, such as gold funds, were likely one-time wonders. Meanwhile, stodgy old lumber stole the commodities crown. Here's the scoop:
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