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...controller-speak, and each blip representing a plane on that all-important radar is accompanied by a 'data block', which includes the abbreviated name of the airline (AA for American Airlines, UA for United Airlines, for example,) the flight number, the altitude of the plane, and a unique, 4-digit code each flight receives...
...Gold, the hedge of hedges, surged (along with Treasuries - the flight to quality still includes the U.S. government) and oil prices spiked. Insurance companies, meanwhile, posted double-digit percentage losses...
...expect stocks to make strong double-digit or above-average returns for the next year. We could potentially have below-average returns," says Young. For long-term investors, he thinks keeping 70% of your assets in stocks and the rest in bonds is the best approach for "balanced appreciation...
...confidence index took a dive for the second straight month, reflecting new fears about the job market. And Thursday, the Commerce Department struck with the news that consumer spending rose by only 0.1 percent in July, down from an already anemic 0.5 percent in June. Both reports sparked triple-digit Dow selloffs on Wall Street, with Thursday?s pushing the index below 10,000 for the first time since April...
...That messianic Cisco news - with a boost from the housing report - produced a three-digit Dow rally and a proportionally larger one on the NASDAQ in the first half-day of trading Friday. Now, it is August, and it did look like rain in New York, which means the "big money" is nowhere the trading floor these days. But those in there investing are clearly feeling a little better all of a sudden about what they put in their portfolios going into a weekend...