Word: bottom
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...There have been some economic reports in recent weeks suggesting that the pace of the downturn has eased: consumer spending has stopped falling, the housing market has begun showing some signs of bouncing along a bottom (not so much in prices yet as in sales volume), and manufacturing's free fall has moderated somewhat. The stock market has of course been on a tear, with the S&P 500 index up 20% since early March. But while the market is a leading indicator, it can be an extremely unreliable...
...shares leapt 53% since early March. That's more than double the 21% jump in the overall market since stocks hit a low on March 9. Investors are pilling into financial firms in that hopes that changes in accounting rules, optimism from bank CEOs and government fixes spell the bottom for these stocks. (Read "Unemployment Rise Shows Recession Far From Over...
...that the tug of recession. "Our core view is that banks' [stocks] will not bottom until nonperforming [loan] growth decelerates," opined Goldman Sachs analyst Richard Ramsden in a report to clients on Friday. "All of the data points we track in the first quarter point to an acceleration." Banks are expected to report their results for the first few months of the year in the next two weeks. And despite positive statements from bank CEOs in recent weeks, earnings at nearly all of the nation's largest banks will likely have fallen in the first quarter versus one year...
...little boy is lost in a crowd - his mother is nowhere in sight. His darting, desperate eyes search for her. Where is she? Confusion sets in; the boy's bottom lip starts to quiver. Am I alone? A wave of panic. And then - tears and guttural wails...
...Obviously, judging this result is a little more tricky. If you put in "Smith," this may or may not mean your Smith will be wandering Harvard Yard in a couple of weeks. If you put in "Pennyworth," odds are pretty good that Aaron will be setting the bottom of the curve in Ec 10 next year. The commonality of the last name matters a lot here, and it's up to you to judge...