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People now know that this crisis was years in the making. Stocks kept climbing because executives kept finding creative new ways to hide the truth and fake a profit, to pretend they were investing money rather than just spending it. The revelations make for some dark magic now. When $2 billion disappears from Xerox's revenues, $4 billion from WorldCom's, it makes people feel poorer even if they personally lost nothing. The markets now look as if they could manage their third straight year of losses, for the first time since World War II, even though the economy grew...
...rallies near the very end, and to sell in frustration at the bottom. A program of regular investing can help keep you detached from the hysteria - and you might as well get into the habit now. Smart Diversification still works It seems as if there's been nowhere to hide. In the U.S. and all the major European markets, stocks from blue chips to small caps are down. But it still goes without saying that the easiest way to avoid losing 80% or 90% on a single stock is to keep out of stock picking altogether. For most investors, mutual...
...People now know that this crisis was years in the making. Stocks kept climbing because executives kept finding creative new ways to hide the truth and fake a profit, to pretend they were investing money rather than just spending it. The revelations make for some dark magic now. When $2 billion disappears from Xerox's revenues, $4 billion from WorldCom's, it makes people feel poorer even if they personally lost nothing. The markets now look as if they could manage their third straight year of losses, for the first time since World War II, even though the economy grew...
...Absolutely. I think they should be tested this year. You're only worried about something like this if you?ve got something to hide. Think about the ramifications of steroids. If one of these guys tests positive, does that make his career a wash? Do you vote for him for the Hall of Fame...
...Here, if Amy Mossett has her way, an $11 million interactive museum will soon welcome visitors to the Lewis and Clark trail. Mossett, tourism director for the Mandan, Hidatsa and Arikara tribes, is building replica earth lodges and planning sleep-in-a-teepee packages with ethno-botany hikes, buffalo-hide painting and lectures on tribal trade networks--insect repellent included. Her message: "Come and meet the descendants of the people who provided shelter to Lewis and Clark...