Word: bulls
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Well, the bounce held for a day. After a we-oversold-yesterday bull session that almost none of the Street's pundits was willing to declare the end of the slide, the lately ailing indexes were all in the black, with NASDAQ soaring a fabulous 241 points (almost 8 percent, the second best of all time) and the Dow regaining 157 of its 379-point Thursday plummet. It was the right sort of rally, steady and uninterrupted, and it's sure tempting to look at the previous sessions' new lows - 3074 for the NASDAQ...
...NASDAQ that's at least possible as long as those rosy earnings reports keep coming. (Heck, Gateway even said European sales were dandy.) One big session makes a bounce. Two big sessions make the beginnings of a rally. A bona fide second wind for the 10-year bull market? We'll let you know in December...
Today, amid an unprecedented bull market broadly enjoyed at the dawn of the Internet, the stock market is the tool of choice--and breaking the rules becomes increasingly acceptable as the players get younger. Call it extreme capitalism. If you win, you're envied as a genius...
...Gore by 8 points in a recent statewide poll. And polls show McCollum trailing his Democratic opponent, Florida insurance commissioner Bill Nelson, by 11 points in the Senate race. McCollum, 56, whose role as a prosecutor in President Clinton's impeachment trial sharpened his image as a partisan pit bull, is barnstorming Jacksonville homeless shelters and African-American churches in his Orlando district insisting that the more moderate conservative "is who I really am." Panic hasn't set in yet; but Nelson bets that "this is where the Republican jihad is going to be waged. The stakes are too high...
...really taken the bull by the horns," Sullivan says. "And now the system's much better...