Word: bartons
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...since Mrs. O'Leary's cow had its encounter with that lantern has the origin of a fire sparked such keen national interest. Or so many questions: Did veteran Forest Service worker Terry Barton set the Hayman wildfire by accident when her campfire surged out of control? Or did she do it on purpose, counting that her 18 years of experience specializing in fire prevention would allow her to control the blaze...
...grand jury prefers the latter explanation. Barton was indicted Wednesday on arson charges; Colorado authorities say she deliberately started a wildfire southwest of Denver on June 8th. The blaze, the largest in Colorado history, has ravaged 135,000 acres of parched land, destroying 25 houses and driving nearly 8,000 people from their homes...
...everyone is so gloomy. Barton Biggs, chief global strategist and longtime bear at Morgan Stanley, says the "lows should hold, but it will be scary." Richard Bernstein, market analyst at Merrill Lynch, expects the nasdaq to drop to new lows. He sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus...
...everyone is so gloomy. Barton Biggs, chief global strategist and longtime bear at Morgan Stanley, says the "lows should hold, but it will be scary." Richard Bernstein, market analyst at Merrill Lynch, expects the NASDAQ to drop to new lows. He sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus...
...then we had, as Barton Biggs of Morgan Stanley calls it, "a bolt from the blue." A strike right at the heart of world capitalism. And it was a pretty good shot: it leveled two of the biggest buildings in the U.S. and shut down the New York Stock Exchange and the NASDAQ - the world's two biggest stock markets - for four days. The prices of oil, gold and bonds were sent soaring. The London FTSE, the Paris CAC and the German DAX all took double-digit losses in the first few days. By the end of September the news...