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That leaves investors and traders who look at earnings as essential to their decisions in a huge fog bank which does not show any sign of lifting. And, it won't. Buying and selling stocks is now based more on rumor and momentum than it has been at any time in recent memory. The last period like this may have been early 2000 during the Internet stock craze. This time around, obscure banks analysts can turn the market against the sector. News that Steve Jobs was seen at a 7-Eleven in Fresno can drive Apple (AAPL...

Author: /time Magazine | Title: A Boring Earnings Season with Bogus Forecasts | 4/8/2009 | See Source »

...days after the Loi Kolay mission, a bullet ripped through the thick morning fog blanketing a U.S. firebase perched on a ridge overlooking the village. The soldiers jumped to their firing positions, and squad leaders started shouting mortar coordinates into their radios. "I can't see s___," said one. "Where's it coming from?" Reports of more fire came in from another base and observation post. This was a coordinated attack; the dense clouds provided perfect cover. A new command came over the radio: "If you see anyone standing outside of a building, consider it hostile intent and fire...

Author: /time Magazine | Title: The U.S. in Afghanistan: The Longest War | 4/8/2009 | See Source »

...strategy. The flip side of that, however, is a fawning depiction of Campbell's men (they are all brave, they are all worthy), leaching them of any real complexity or humor. Regardless, Joker One manages to show its best, most unique face through a thick and all-too-familiar fog of literary war narratives...

Author: /time Magazine | Title: Joker One: A Marine's Bloody Iraq Memoir | 3/30/2009 | See Source »

...prevailing fog that has occluded the administration’s plans for J-term lifted momentarily this past weekend, but the forecast looks bleak nonetheless. At a question-and-answer session for junior parents this past Friday, Dean of Undergraduate Education Jay M. Harris informed parents that housing at the College during January of next year—which will no longer host reading period or exams—might only be granted to international students, athletes, and other special-interest groups. This sudden revelation is emblematic of the disturbing mixed signals that the student body is now receiving about...

Author: By The Crimson Staff | Title: Jay On J | 3/10/2009 | See Source »

...that Kerry's visit highlighted the crumbling of the U.S. and Israeli effort to isolate Hamas inside its Gaza ghetto. Not only did the Islamist organization survive the Israeli incursion aimed at smashing its military capability (sporadic rocket fire from Gaza continues even now); it took advantage of the fog of war to mop up what remains of its rival Fatah movement in Gaza. And as the international effort to rebuild Gaza gathers momentum, it confronts the inescapable political fact that nothing can be done in Gaza without the consent and cooperation of Hamas, which remains firmly in control...

Author: /time Magazine | Title: In the Aftermath of Gaza, Hamas Becomes Harder to Ignore | 2/28/2009 | See Source »

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