Word: isn
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Dates: during 2000-2009
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...this led investors to believe a bottom had been reached, says Curran. Many investors may wrongly think the housing sector will see the normal trajectory off the bottom, but that isn't the case, he says. "We still have high foreclosures that will persist into next year, high inventory, an unstable economy and high levels of unemployment" that will prevent the sector from rebounding quickly, he says. (See 10 things to buy during the recession...
Still, many analysts believe the 2009 stock run-up among homebuilders has gotten ahead of the sector's pending recovery. "The stocks have gone too far, too fast," says Rob Stevenson, managing director at Fox-Pitt Cochran Caronia. Stevenson isn't surprised by the insider selling at Toll Brothers: "We think the group has gotten overvalued and that a pullback is likely." After all, he notes, "they're still not producing a profit...
...wish I were in California" may be a habitual moan on the lips of plenty of students hailing from warmer climes this winter, but this may be the first time where it's fair to say, "At least we're not in California." After all, Arnold Schwarzenegger isn't our governor, Massachusetts' finances aren't on the brink of collapse, and Harvard...well, Harvard is not a state school...
...isn't right that the Olympics be held in the U.S. for the eighth time," Brazilian President Luiz Inácio Lula da Silva said recently, in what was just one in a series of typical appeals to IOC delegates. "It's not possible that it be in England in 2012 and in another European country in 2016 ... It's not fair that Brazil, one of the 10 biggest economies in the world for 30 years; that Brazil, one of the world's industrialized countries, a nation that has demonstrated its love for sports; it's not fair that Brazil...
Lula has a point, but as the former union leader knows, life isn't always fair. If it were, then Rio, while a front runner, would be in a stronger position to win next Friday's decision and edge out Chicago, Madrid and Tokyo. It can claim experience: Rio hosted the Pan American Games in 2007, an event that should have transformed the still sometimes provincial resort into a more modern, more international and safer city. (See pictures of São Paulo...