Word: bottomly
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...into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom lines...
Many housing-industry experts believe pricing will bottom soon, but the bears warn that it will probably be 2013 before the market noticeably rebounds. "The improvement that we're going to see off the bottom will be anemic" for quite some time, says Curran...
...Some markets still have further [down] to go, but we're definitely in the latter innings of the downturn," says David Goldberg, an analyst at UBS. "Even if there's another leg down, we definitely think by [late] 2010 we will have seen the bottom of housing...
...bottom line is this," said Obama, in the grand foyer of the White House. "The U.S. government had sufficient information to have uncovered this plot and potentially disrupt the Christmas Day attack, but our intelligence community failed to connect those dots." (See pictures of the suspect bomber, Umar Farouk Abdulmutallab...
Meaning ... Over the past six to nine months, the 60% pop off the bottom, not just for stocks but for high-yield bonds, etc., is indicative of a return in perspective to the old normal as opposed to the new normal. We think that 2010 will be tempered, and that doesn't mean bear markets, but it does mean a growing realization that we have a lot of problems and the markets aren't necessarily priced...