Word: capitulationism
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This expectation has now been dashed, and the scheme is unraveling. Debt-ridden, house-poor and increasingly unemployed, U.S. shoppers are cutting back. Consumer spending in the U.S. dropped at an annual rate of more than 3% in both the third and fourth quarters of 2008 - the steepest consecutive quarterly...
At the bottom of any kind of bear market you get some level of fear and capitulation. It's hard to know the precise point of the extreme, but today there are many things that tell me that fear is way over the top, not the least of which is...
So given all the worrisome economic news and negative market momentum, what would it take to turn a market bullish? Says Roth: "I'd become more bullish if I saw traders get very bearish and sell out, taking short interest much higher relative to volume." Beyond that sort of investor...
According to a poll published in The New York Times, Americans believe in Barack Obama's ability to change the course of the economy, health care, and the war in Iraq, but they understand that it may take at least two years to see some results. In terms of the...
Perhaps. But departing Bush officials shouldn't count their poulets before they've hatched. First off, Roquefort sales to the U.S. represent just 2% - or 400 tons - of the total Roguefort market. The 1998 World Trade Organization ruling that permits Washington to retaliate over the beef ban also limits that...