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...much catching up still has to happen? Look at it this way: at the financial-stock peak they were around 27% or 28% of the S&P 500's total market capitalization; the financial sector got down to 9% at their low. Now they are about 12%. I believe the financial sector will rise back to 13% to 15%, which means the portfolio-readjustment buying isn't finished. But take note, the sector has had very big moves recently, and not all banks will be able to hang on for the next leg of this...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

...very low-priced new cars are added to the most depressed market in decades, it will create a nearly perfect way to destroy sales for The Big Three just as new models for 2010 are being introduced. It is hard enough to attract new buyers to the car showrooms without having an auctioneer from Sotheby's down the block taking rapid fire bids on Jeeps and Pontiacs. This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

...nagging concerns that new fuel-economy standards alone won't be enough to wean Americans from their gas guzzlers. Since gas prices fell during the recession, consumers' appetite for compacts and hybrids has dwindled, and sales of large SUVs are once again ticking upward. If gas prices stayed relatively low between now and 2016 - which is unlikely - automakers could end up producing cars and trucks that Americans won't be eager...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

...Advocate braced themselves by being more proactive about contacting advertisers and clientele. Their hard work paid off, since the upcoming issue will contain more ads than any other issue in recent years, says Younger. “We’re doing well probably because our rates are very low,” she says. “We’re not pushing [businesses] into buying the biggest size ad either...

Author: By Brian Mejia and Beverly E. Pozuelos, CRIMSON STAFF WRITERSS | Title: Student Periodicals Cope With Downturn | 5/18/2009 | See Source »

...latest polls show all the propositions but one, 1F ("No Pay Increases for Legislators During Times of State Budget Deficits"), going down to defeat. Special elections are notorious for low voter turnout, and many Californians, including those who have bothered to read the 52 pages of pro and con arguments in the Official Voter Information Guide, are baffled by the hodgepodge of measures, a mixture of liberal and conservative ideas on budgeting that critics say is less than coherent. (Read about how the financial outlook for states is getting worse...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

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