Word: columnist
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Dates: during 1990-1999
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Daniel Kadlec is TIME's Wall Street columnist. Reach him at kadlec@time.com
...Hong Kong's Hang Seng index roared Wednesday, wiping out the losses of Tuesday's devastating crash and surging 18.82 percent ? its biggest gain ever. This came on the back of a similarly record-breaking day on Wall Street. "The world finally got what it wanted," TIME Wall Street columnist Daniel Kadlec said. "Somebody to stand up and stop the dominoes...
...world finally got what it wanted," says TIME Wall Street columnist Daniel Kadlec: "Somebody to stand up and stop the dominoes." That, he says, should translate into healthy rallies in Hong Kong as the big American firms, flush with confidence, go shopping...
...Tuesday's record-setting stampede (an unprecedented 1 billion shares changed hands) may have cheated investors out of a real correction in a vastly overvalued market, and that the Dow is not done shivering yet. "This was a bad joke on the small investor," TIME Wall Street columnist Daniel Kadlec insisted. "It blindly reinforces the notion that buying on the dips is infallible--and that won't last forever. Today's rally was a reprieve, a second chance to shift your balance out of stocks somewhat because eventually, there will be a real correction...
...This is something to watch," says TIME's Wall Street columnist, Daniel Kadlec. "No one expected Hong Kong to get hit this hard, and it did. If this sends the Southeast Asian markets any further into recession, it will have real implications here." U.S. multinationals, in other words, will get out of Asia faster than you can say "default," with global-thinking investors right behind them. "That could be the thing that triggers the 500- or 600 point correction everybody's been waiting...