Word: dows
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Cramer is no Warren Buffet. But in running a hedge fund for 14 years through 2000, his returns averaged 24% annually, trouncing the Dow's 15% and beating his competition's 22%, reports tracking firm Hedge Fund Research. What interests publishers, however, is not so much his stock-trading prowess as his outsize persona, his view of investing as warfare and the celebrity he has attained as an insider reporting, as he puts it, "from the trenches." In the mid-'90s, Cramer writes, his goal was "be ubiquitous," and hardly a day went by that he wasn...
...feeling may be the headiest part of the recovery for many months--and will probably be short lived at that, as businesses move quickly from paring inventories to maintaining them. But it's a solid start. Investors have bought into it big time: over two weeks, the Dow has risen 8%; the tech-heavy NASDAQ, 12%. But market sentiment can be fickle. A more encouraging sign is that productivity--which normally declines during recessions as output falls faster than hours worked--amazingly increased during the slump. The Labor Department reported last week that output per worker surged at an annualized...
...which was acquired in 1998, may still face 200,000 lawsuits from a unit, Harbison-Walker, that was spun off in 1992 and that declared bankruptcy on Feb. 14. Then there is Viacom, which, via its purchase of cbs in 2000, inherited Westinghouse Electric's 130,000 lawsuits. When Dow Chemical bought Union Carbide last year, its executives were well aware that they would be inheriting litigation--but didn't expect liability concerns to push its stock down 30%, as they did during one week in January before recovering...
...Wall Street, of course, has developed a well-deserved reputation for rustling up rallies (or tech-stock bubbles) by dint of sheer will and optimism, only to sag mournfully when reality refuses to cooperate. Investors tried this trick before, pushing the Dow above 10,000 in December and January on hopeful corporate and economic news - only to run into Enronitis. Now they're back at it, and even if the next few sessions take some of the steam out - there's always profit-taking and second-guessing, even when herd is celebrating - the cries of "bottom," for the economy...
...Friday's unemployment number for February, the only big economic news of the week, could make or break the current euphoria; beyond that, retail sales should be king as investors check and re-check their premises about consumer demand still being there when supply picks up. If the Dow and NASDAQ are still over 10,000 and 2,000 in two weeks we'll at least know that Wall Street's current exuberance was serious. If they're still headed north in two months - at the rate investors are pricing in this recovery, that's no sure thing even...