Word: bondses
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Nicoski said some investors who had fled to the credit markets following Monday's collapse were now taking profits from bonds and putting that back into equities.
"Depressed?" he said. "Stock prices are at an all-time low--it's a buyer's paradise! Thousands and thousands of top-quality stocks and bonds at low, low prices...how could you complain about that?"
The frantic selling that gripped the New York and London exchanges much of the day reverberated through every other market, eroding the dollar's value and pushing up the price of U.S. treasury bonds and gold in a migration to safehaven securities.
One of Smith's first moves was to hire James Bennett, a Harvard M.B.A. and now the firm's chief operating officer. Bennett, an aggressive trader who was a national champion wrestler as a Yale undergrad, has shown an uncanny knack for spotting gems among securities that, as he puts...
A rookie on that starry '71 team of Bobby Bonds and the Willies, McCovey and Mays, Speier has been a utility player on this new Giant club that seems to feature them. He and Candy Maldonado's outfield understudy, Mike Aldrete, have been particularly handy. "Sometimes," says Speier, 37, "I...