Word: bondses
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VOTERS DON'T GO TO THE POLLS UNTIL NEXT WEEK, but Wall Street is already casting its ballots. Anticipating a changing of the guard and a new economic game plan focusing on growth rather than fighting inflation, the stock market has largely rallied behind Governor Bill Clinton. But in the...
WHEN LAWSON BROWN SET OUT to reinvest his family's $70,000 nest egg a few months ago, the Minneapolis, Minnesota, probation officer found his options limited. Brown, 39, considered mutual funds to be "unexciting." Certificates of deposit? "Get real," he says. "Not with bank rates of 3%." Bonds? "Same...
During the anxious pre-election gyrations, though, analysts recommend that investors stay put -- either in the market or out of it. Small investors, says John Markese, president of the American Association of Individual Investors, "should close their eyes and wait it out." Many individuals have fled to the relative safety...
The spate of disasters comes as the industry as a whole is struggling to cope with a series of cataclysmic burdens. Life insurers, for instance, have their hands full with the AIDS epidemic, which is costing the industry more than $1 billion a year. Mounting product-liability claims, including asbestos...
In the end, the humiliating irony for the company that invented such American-style trademarks as national merchandising, catalog shopping and even store-wide sales was that it was better at selling stocks, bonds, credit cards and insurance policies than it was at satisfying its core retail customers. Such financial...