Word: bulls
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...another false bottom. Three times since the Dow's descent began in January 2000 the market appeared ready to turn higher, only to suck in investors and saddle them with more losses. And a bottom does not signal an uninterrupted ride to higher ground. "After 20 years of a bull market, the bottoming process could take a long time," cautions Wallace Weitz, manager of Weitz Value fund. "The Dow could trade in this range [7700 to 10,000] for years...
...Come on over, baby, we got a chicken in the barn/ Whose barn? What barn? My barn! Come on over, baby, really got the bull by the horn We ain't fakin', whole lotta shakin' goin' on. -recorded by Jerry Lee Lewis, February...
...week. But the Bush team's inaction is drawing unfavorable comparisons with President Clinton's team of Treasury Secretary Robert Rubin, a Wall Street star, and Larry Summers, the high-wattage Harvard economist. Yet, as a Bush adviser notes, Rubin didn't meddle either and got help from a bull market: "When people were getting 25% return on their investments, all Bob Rubin had to do was breathe...
...Stock Market's sickness made life insurance companies look decidedly mortal last week, as sliding share prices dragged the value of insurer assets dangerously close to what they potentially owe policyholders - the point at which they're technically insolvent. The problem is especially critical in Germany, where the bull market had bestowed "quiet reserves" - unrealized and unrevealed gains - upon insurers, enabling them to entice new policyholders with offers of 6% annual returns. Now most of Germany's 130 or so mutual insurers are carrying "quiet liabilities." "They're sort of in a trap," says Commerzbank analyst Marc Thiel. "They need...
...date-and time-for the end of civilization. It will happen at 11:47 on the morning of Feb. 1, 2019. That is, if the earth were to be hit by a newly spotted asteroid called 2002 NT7. The chance of the 2-km-wide rock scoring a bull's-eye lengthened from 1 in 60,000 to 1 in 75,000 as astronomers continually recalculated its orbit. If the lump of space rock did hit the earth it could wipe out a continent, throw up dustclouds that would block sunlight for months and quickly take humankind to the brink...