Word: bulls
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Waiting in the wings, though, are hedge-fund managers and others who have been looking for a cathartic last push lower in the stock market. Their thinking now is that any disaster-related selling would amount to a final washing out of panic and set the table for another bull run. After all, the broad S&P 500 has already fallen 30% since March 2000. As corporations report earnings this quarter and next, many will start to look better compared with the weak earnings in the corresponding quarters last year. Oracle, for example, reported last Thursday that it had beaten...
Until he retired from the FBI in August, John O'Neill, 49, was America's pit bull on terrorism. As head of the bureau's national-security operations in New York City, he oversaw investigations into the 1998 embassy bombings in Africa and the 2000 attack on the U.S.S. Cole in Yemen, both believed to be the work of groups linked to Osama bin Laden. Two weeks ago, O'Neill began a new job: chief of security at the World Trade Center...
...after getting too many quiet no-comments from too many grim mouths, I did what any self-respecting professional gawker would do when he starts to feel like a bull at a funeral: I got in the press line and waited to be taken away...
Such concerns have begun to focus more attention on an obscure insurance product called an immediate fixed annuity. And the attention is more flattering than in the past. Scorned for their modest returns while the bull market roared, these annuities are suddenly gaining some respect for the security they offer. The deal: for a lump-sum premium, you get a guaranteed monthly income that starts immediately and continues for as long as you live--just like a pension. "This is an extremely important function that is not obtainable under any other strategy," says Mark Warshawsky, director of research for TIAA...
...shut down, and Major League Baseball canceled its games, and nuclear power plants went to top security status; the Hoover Dam and the Mall of America shut down, and Independence Hall in Philadelphia, and Mount Rushmore. It was as though someone had taken a huge brush and painted a bull's-eye around every place Americans gather, every icon we revere, every service we depend on, and vowed to take them out or shut them down, or force us to do it ourselves...