Word: kadlec
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...Daniel Kadlec...
...TIME Wall Street columnist Daniel Kadlec says it may not be over yet for tobacco companies -- as was the case last time, the federal government could still jump in and queer the deal with extra punishments -- but for the states, this one was a no-brainer. "My view has always been that the states should take the money and stop messing around. This is a public health issue -- the longer they fight in the courts, the more people are going to die in the meantime." And $206 billion in the hand is a whole lot better than waiting...
...long national nightmare could be ended with a 4-minute half-apology? It seems so; the rally that began Monday with the President's testimony only picked up steam the morning after his terse speech, with the Dow rising almost 140 points by closing. TIME Wall Street columnist Daniel Kadlec thinks investors are kidding themselves...
...This is a relief rally, and it won't last," he says. "Pretty soon, traders will look around and start to realize this scandal is going to get uglier before it gets better." And as the Clinton pundits' chatter dies back down, Kadlec says, the ongoing disaster in Russia -- adding to the global economy's already considerable woes -- will start to sink in. "The correction wasn't nearly deep enough. A week from now, we'll be headed right back down again...
...error occurred while processing this directive]Fortune Investor Data That possibility hasn't yet shaken investors' faith in their darlings, though: Internet stocks are leading the buyback, with the four belwethers, Yahoo, Lycos, Amazon.com, and Excite, up a combined 13 points by mid-morning. But heed Kadlec's tip du jour: Internet stocks will be the next to fall...