Word: investingations
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Investing $8.3 billion in anti-missile programs will accomplish very little unless we also shed the chains of ABM. What good is a limited defense system when such comprehensive capabilities are within our grasp?
There is much to suggest that any big downdraft would be met with eager buying. Foreign stock markets sank 5% to 10% on the day of the attacks in New York City and Washington, but bounced back or stabilized quickly. Mutual-fund companies report that few sell orders piled up...
But the dollar's decline is dangerous. "It is extremely negative from the perspective of U.S. stock and bond markets because we rely heavily on foreign investors," says money manager Mark Lay of MDL Capital Management, based in Pittsburgh, Pa. "The weak dollar discourages foreigners from investing in our markets...
Perception is reality, and time is of the essence; as any American will readily admit, this haven just doesn?t feel as safe as it used to. And the defining characteristic of investors is to never look back, to flit unblinkingly to the safest haven around, no tears shed and...
New York Mayor Rudy Giuliani promised Wednesday that the hole in the Manhattan skyline would someday be filled again. Wall Street will get back to business, and before long the irrepressible nature of investing will have filled the holes blasted in its own confidence. But in a way we have...