Word: lynching
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...help marveling at Merrill Lynch star Internet analyst Henry Blodget. Bullish through a five-month bloodletting, he decided last week to downgrade his opinion on 11 onetime highflyers, including Doubleclick, eBay and eToys. In the case of eToys, the stock had dropped 95%. Losing any more, I suppose, would be just too much to bear. So Blodget stepped up with his gutsy downgrade while investors everywhere, in spirit, collectively asked, Who needs analysts anyway...
...York is supposed to be the center of the art universe," says DAVID LYNCH. "Ha!" Forgive Lynch his New York City animosity. In June the director was asked by the people behind the kid-friendly Cow Parade NYC 2000 to turn a fiber-glass heifer into art for the city's streets. Most of the 1,200 other art cows are as amiable as their living counterparts, but, as you can see below, Lynch did something a little different. The cow was displayed for a week in San Francisco without incident but never made it out of packaging...
...upside and support on the downside. Is the pennant symmetrical, ascending or descending? Let them quibble. Suffice to note that as the range narrows, we get closer to declaring a winner in the bull-bear tug-of-war. A textbook reading, says Richard McCabe, chief market analyst at Merrill Lynch, is that by late August, the pattern will be broken, the Dow's new direction evident...
HEDGE FOR LESS Hedge funds are reserved for multimillionaires. They offer high rewards--and scary risks. Now the bar is being lowered for "qualified investors" with minimum stakes as low as a mere $125,000. Brokerages, including Paine Webber and Merrill Lynch, are among the "alternative investment" providers that lump these puny stakes together and place them in selected funds. Why? The brokers charge hefty fees--on top of a fund's own charges...
GEORGE HERBERT WALKER 1875-1953 Started a brokerage firm in his 20s that Merrill Lynch bought in 1974. A president of the U.S. Golf Association, he established the prestigious Walker...