Word: bearishness
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...Minister only squeaked through?by a single vote. Mir Zafrullah Khan Jamali, 58, is a tribal chieftain from Baluchistan and a former national field hockey player, who is now expected to wield a big stick against the politicians on the general's behalf. It is unlikely that Jamali, a bearish, jovial man, will be able to do so. He won just 172 of the 329 votes cast. And even that thinnest of margins was suspect: a rule forbidding party defections was waived at Musharraf's behest, so that 10 PPP legislators could switch sides and back the army...
...j753 million for the third quarter, nearly six times what they were a year before. In addition Deutsche, and to a lesser extent Commerzbank and Dresdner, have spent considerable sums over the past seven years building up their presence in investment banking - bad timing, in the face of bearish markets and the weakest mergers and acquisitions market in decades. Banks hoping to be bailed out by a quick change in the overall economy look set for disappointment. "There are lots of uncertainties," says Metehan Sen, an analyst at Sal. Oppenheim in Frankfurt. "2003 will also be a very difficult year...
...would scarcely be surprising if such talk provoked some rather bearish behavior on the part of Saudi investors. But open calls for Saudi disinvestment and reports that hundreds of billions of dollars could soon leave these shores may also be calculated as a warning to the Bush administration that the Saudi elite won't be the only losers if the longstanding alliance is ruptured. As the Bush administration's internal debate over going to war with Iraq intensifies, we can expect to see plenty more dire warnings from both sides over the consequences of maintaining, or of severing, the traditional...
BARTON BIGGS: The market has had a big rally, but sentiment is still very bearish. The weak dollar and lower interest rates may result in profits being better than expected later this year and next. It's a time to be a buyer of equities, not a seller...
...Electric, are being challenged about their bookkeeping. The perception of deception is so widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people won't open their 401(k) statements; they just can't look. But as we wait in the dark...