Word: grounde
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...salt and freshly ground pepper, to taste
...growing chorus of market watchers says no. The concern is that the stock market is overwrought and that down is the only sensible direction to head. Sure, individual companies have been quick to bounce lower based on bad news. Both insurance outfits and financial firms lost ground on Tuesday thanks to two big events - the passage of a health-reform bill by a key Senate committee and a Goldman Sachs downgrade by an influential banks analyst. (Read "How to Know When the Economy Is Turning...
...more inside-baseball indication of being on shaky ground is the fact that even on days when stock prices are rising, few people are trading, making for some fairly thin rallies. "Sellers have entered the market but buyers have stepped away," says Mary Ann Bartels, head of U.S. technical and market analysis at Bank of America/Merrill Lynch. "When that happens, we have to question the sustainability of the rally." (See which businesses are bucking the recession...
...sure, maybe Rush isn't the players' dream boss, nor is he even favored by other owners, including Jim Irsay. But the notion that you need to occupy some kind of moral high ground to be able to extract profit from a monopoly sport that routinely exploits its criminally inclined workforce leaves me unmoved. The NFL is just another big business - why should it be anything less - only with a huge amount of ego attached to it. Rush should fit in quite well...
...somewhere in Waziristan. Nor is it clear if the Pakistan army has severed its links entirely with the outlawed terrorist group, as its presence in and around the southern Punjabi city of Bahawalpur grows undisturbed. A heavy concentration of madrasahs in the area has become a breeding ground for recruits who are then taken to South Waziristan and trained as suicide bombers...