Well you piqued my curiosity, and I found this abstract on the Wash. Post's website (did an Archive search on James Glassman). The whole article requires a fee...wasn't _that_ curious :-) Anyone else hear of this?
The Inside Scoop
Article 25 of 150 found
By James K. Glassman
Sunday, November 2, 1997 ; Page H01
Section: Financial
Article ID: 9711020077 -- 189 words
A good idea for a wild market: It's a bank certificate of deposit (insured by the FDIC) and issued for a five- or 10-year term, but, instead of fixed interest, you get a lump sum at maturity based on the rise in the stock market over that time. For example, if you invest $10,000 and the S&P 500 index doubles, you get back $20,000. If the S&P falls 20 percent (or more), you still get your $10,000 back. |
