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TIME: After a big rally, stocks are moving lower this week. Should we be concerned? Bartels: We view this as a consolidation within a more bullish context. That is, we think we can still achieve recovery highs with this rally...
...does this rally have more to go? This rally can hit 1055 on the S&P 500 and 9800 on the Dow, but longer term, we have to view this in the context of a base-building process, which means that we are probably going to go back down and retest the lows before this process is over. [The stock market's lows were 667 on the S&P 500 and 6440 on the Dow, both reached in early March...
...within the equity market. But in 1938, from March '38 to November '38, the market had a 60% rally. That was all part of a base-building process. The stock market really didn't make its low until 1942, and that was a marginal new low - all in the context of building a base. So what we're trying to tell investors is that the key to this market now is patience - that this is going to take time but that this trading-range process will, over time, heal the market. And eventually, at some point in time, we will...
...term being used is restoration,” she said. “The restoration of a building includes respect for its social and physical context, and that is not evident here...
Then Thursday morning she was off to the Royal Opera, dressed in a sequined, patchwork cardigan, the kind of goofy outfit that in another context could get a teenage daughter eye rolls from her baffled parents. While world leaders tried to come up with a plan to relieve the record unemployment around the globe, Michelle Obama enjoyed the sinuous beauty of ballet. At the end, Brown tried to connect the two, delight and despair - an awkward task in such troubled days. "In this difficult time, with the difficult summit taking place down the road, you remind us all about...