Word: bullishness
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...bruised "fast track" warily circles the House, looking for a few good votes, it's time to get bullish on the global economy. Namely, what's Gephardt and the Big Labor boys so nettled about? The good ol' U S of A didn't get to be the economic butt-kicker it undeniably is today by keeping to itself. A McDonald's on every street corner, a pair of blue jeans on every butt. And a little tangle of American silicon on everybody's desk. Take the 80s (please). Bushido was all the rage, Detroit was in the tank...
...Schwab, Discover and Waterhouse were inaccessible for much of Monday morning after receiving double or even triple their normal traffic, by the end of Turnaround Tuesday even E*Traders were better off than the thousands of furious investors who reached busy signals - instead of brokers - during the Dow's bullish backlash...
...stocks since he was 16. His portfolio today is worth $1.8 million, and he plans to retire at age 40. "We literally go to bed every night laughing at each other over this," he says. Is he taking any chips off the table? Nothing much. "I'm still very bullish...
LATIN AMERICA. Michael Lindell, director of global-stock strategy for GT Asset Management, is bullish on the whole region. He expects a continued recovery from the 1994 peso crisis and believes the region is just starting a two- or three-year up-cycle, which will be fueled by corporate cost cutting. Brazil's Petrobras, an oil company, should be one beneficiary. He also likes paper-goods manufacturer Kimberly-Clark de Mexico and land developer IRSA in Argentina...
...been amazingly smooth. Throughout the onerous negotiations, despite the revulsion in 1989 over the brutal bloodshed in Tiananmen Square, Hong Kong has grown steadily more prosperous. In a city whose business has always been business, the stock-market surge, real estate boom and expansive corporate behavior point to a bullish future. The place feels surprisingly relaxed. Public confidence in the new leadership is running high: C.H. Tung's favorable rating was 59%, according to a TIME/CNN poll by Yankelovich Partners Inc. While an estimated 387,000 citizens made a preliminary negative bet on the outcome and emigrated over the past...