Word: kadlec
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After Cisco, bellwether of tech bellwethers, reported dire earnings news and direr layoffs Monday evening, NASDAQ-watchers cringed for another depressing sell-fest - but the markets shrugged it off. TIME personal finance columnist Daniel Kadlec looks around and sees the mood changing: When bad news no longer surprises, it's time for these markets to start climbing back uphill. At least until summer...
...even those modest gains were eroding as noon approached - but clearly something happened besides Alan Greenspan's bullish comments on free trade before the Senate (although a brief mention of the slowdown, with no bearish comments along with it, may have played a tiny part). TIME investing columnist Dan Kadlec has a few ideas...
...said it will lose money in the first quarter - this after Wall Street dared to expect a profit from the hand-held computer king. Is this a case of one step forward, two steps back - or the other way around? TIME personal finance columnist and Wall Street guru Dan Kadlec explains...
...Kadlec: I think this is the pattern we're going to be seeing on Wall Street for a while. We had a really nice rally - the Dow has really surged, picking up 800 points since what was seemingly a spontaneous turnaround Thursday afternoon, and even the NASDAQ has been pretty strong...
Chat with Dan Kadlec about the future of the economy on AOL at 7 p.m. E.T. on 3/21. Keyword: Live