Word: bullish
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Dates: during 2000-2009
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...further celebratory surge in stock prices, would bolster consumer and business confidence and boost the sluggish economy. Alan Levenson, chief economist at fund company T. Rowe Price, expects a healthy annual growth rate of 3.5% in the second half of this year and 4% in 2004, assuming--as any bullish case must--that the war keeps going well and there is no major terror event. Byron Wien, chief U.S. market strategist at Morgan Stanley, says investors who wait for a stock pullback will be disappointed. "The economy has done remarkably well in the face of high oil prices, a cold...
...Greenback is acting more like a hunchback these days, slumping ever lower last week as it pushed the euro to a fresh three-year high of $1.067. Nervous about an Iraq war and hedging their bets against the struggling U.S. stock market and economy, even normally bullish strategists at Citibank and ABN AMRO are losing faith, saying the dollar may fall to $1.09 against the euro in coming months. To Europeans that may sound great: after all, it makes American goods cheaper, and who couldn't use a shopping run to New York City? But the euro's super-power...
...headquarters in Bentonville, Ark., could produce agitation among the managers of its stores, who have traditionally been granted considerable independence in stocking what locals want. And consumers get bored by one-size-fits-all merchandise. Says Ira Kalish, an analyst for consultancy Retail Forward, in a mostly bullish report on Wal-Mart: "Excessive size could breed bureaucracy as well as failures in the areas of merchandising and customer relations...
AHMASS FAKAHANY Bullish on the World Born in Cairo and reared in Geneva and London, Fakahany, 44, persuaded his father to send him to Boston University. But work put him back overseas. Fakahany spent 10 years as Merrill Lynch's CFO for Asia and controller for Europe, the Middle East and Africa. After boosting revenues last year in areas like foreign exchange as COO of the firm's global-markets and investment-banking business, Fakahany was named CFO for all of Merrill...
...money customers are paying for monthly service. China Mobile's average revenue per user in September was $14.25, less than half the level of 1999 and far lower than the $60 to $80 users pay in the U.S. and Japan. That translates into lower overall profitability, and once-bullish analysts are growing more cautious about the prospects for China's mobile sector. Both CSFB and Goldman Sachs recently downgraded shares in China Mobile and China Unicom, which have fallen 21% and 34% respectively on the New York Stock Exchange this year...