Word: bearish
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Greenspan got an earful from the economist a few days before making his "irrational exuberance" speech in 1996 suggesting the market was overvalued. But prices kept rising, and Greenspan concluded that he shouldn't try to outguess the market. Other economists have since shown that acting on Shiller's bearish advice then would have cost an investor big gains over the subsequent decade. One man was no match for the bull's momentum...
...pleasure of the book lies in watching Wood read. For Wood, the history of the novel is itself like a novel, in which genius-heroes perform astounding feats of literary innovation. Proust finds a new way to render character in Swann's Way ("Progress!" Wood shouts); Flaubert ("the bearish Norman, wrapped in his dressing gown") writes prose with a precision that until then had been reserved for poetry, and in the process inadvertently invents realism as we know it; Tolstoy narrates the fading consciousness inside a freshly severed head. Wood's enthusiasm is glorious. Reading alongside him is like going...
...Bearish commentators argue that the disappearance of longstanding differences in valuations between emerging markets and the rest of the world indicates the former have risen too far, too fast. Historically, investors tended to buy shares of companies in emerging countries only when they could be purchased at hefty discounts to their counterparts in the West, because emerging markets were thought to be inherently riskier. And if nothing had changed since 1997, emerging-market stocks would indeed look expensive today...
...real estate that the crumbling may continue for a while yet. "It's way too premature to be talking about light at the end of the tunnel--it's still pitch black," says Ian Shepherdson, chief U.S. economist at High Frequency Economics, a research firm. Shepherdson, not a congenitally bearish sort, was one of several prominent forecasters who began warning of housing troubles in 2005. Now he sees huge quantities of unsold inventory, which will lead to more cutbacks in construction, which will lead to more job losses and so on. "I don't want to call it an endless...
...jitters do probably presage something worse. "Rather like a brontosaurus that has been bitten on the tail and most of the body hasn't noticed it yet, the signal is working its way up the vertebrae," says Jeremy Grantham, chairman of Boston money manager GMO. But even the bearish Grantham doesn't see the reckoning coming tomorrow or even necessarily next year. And in the meantime, something with far more impact on most Americans' lives than a stock-market correction has already happened...