Word: bargainers
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Sure enough, bargain hunters are now scouring the wreckage in sectors like homebuilding and financial services. In a recent shareholder report, Michael Winer, manager of the New York-based Third Avenue Real Estate Value Fund, says U.S. property stocks are the cheapest he's seen them since 1999, creating "extraordinary opportunities ... to take advantage of fear in the market." Yet he also laments that too many fretful shareholders have fled his fund at precisely the moment when rationally they ought to be loading...
...verdict had little effect on the markets in the Philippines; investors were relieved. "It seems like there was no violent reaction so far, so that is why investors are taking advantage of the bargain prices in the market," said Astro del Castillo, director of the Association of Securities Analysts of the Philippines. "This is one thorn off our back...
...Search term data provides more insight into where affluent users are looking for savings. Their searches (those containing "cheap," "discount," or "bargain") are dominated by travel-related terms such as "cheap airline tickets," "cheap hotels," "cheap cruises" and car rentals. Searches for electronics, autos and other expensive items are less likely to be preceded by a deal "qualifier." This focus on travel may be due to the fact that consumers expect the greatest room for price fluctuations when booking flights, hotels and rental cars...
...years of age, earning less than $30,000 per year. Could Steve Jobs have been aware of that when he lowered the price of the 8GB iPhone to $399 on Wednesday? We can only guess. But in this case, he has certainly made more than a few bargain-hunters happy...
...interest World Bank loans. The February agreement had held out the possibility of such a deal if Pyongyang followed through with denuclearization. But was it true? Hill, arriving in Sydney on Tuesday for the annual Asia Pacific Economic Cooperation forum, flatly denied the U.S. had made such a bargain. "No, they haven't been taken off the terrorism list," he said. And with that, it was Groundhog Day again: the dispute gives the North another reason to dither and dissemble should it so choose. "It can argue that it agreed to provide a full accounting of its nukes in return...