Word: bullish
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Dates: during 2000-2009
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...improvement. And in the business headlines, at least, they are seeing it. After the close of trading on Monday Apple reported that quarterly earnings were up a stunning 47% on strong sales of iPhones and Mac computers. Investors were also cheered by the prospects that Caterpillar would deliver a bullish profit report. On Tuesday morning Caterpillar did just that, reporting earnings that were down 53% but were well ahead of analysts' expectations. (See 10 big recession surprises...
Stock-market analysts, who are usually wildly bullish on far-off earnings projections, seem to have the same tentative take on the post-stimulus economy. According to Thomson Reuters, analysts believe that on average, companies in the Standard & Poor's 500 will earn 22% more in 2011 than they will next year. That's a larger-than-average jump for corporate profits. But it will be down from the 25% jump analysts are expecting for 2010, when the stimulus money will still be pumping into the economy. And it is far below other rebounds. In 2003, for instance, corporate profits...
Indeed, about 60% of the directors facing the biggest opposition from voting shareholders were those who sat on compensation committees, Fenn noted. (Read "Why the Stock Market Looks Bullish for Autumn...
...Having weathered nationalization and, since its reopening, not one but two recessions, the hotel has come full circle. Laos remains backpacker territory and not the sort of place where you can easily charge $220 and up for a room. But the Palace was bullish enough to embark on fresh refurbishments this summer. We're not sure what the secret of its survival is - but if anyone can work miracles in Vientiane, the Theodas family can. See www.setthapalace.com for more...
Read "Why an Investment Guru Is Bullish on Recovery...