Word: marketed
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Dates: during 2000-2009
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...positive take, if you can call it that, is that we're in a "rolling recession," as Kurt Karl, chief U.S. economist at insurer Swiss Re, said in a note to clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment...
...last sector, and by the size of its companies by far the largest, is energy. Exxon's (XOM) market cap is $347 billion. That may be more than the top ten banks in America combined. It is more than the total for Microsoft and Cisco with some to spare. As a group, Exxon, BP (BP), and Conoco (COP) have not done well during the rally. The simpleton's answer as to why that is true is that the price of oil is too low and that oil stocks trade with the price of oil. Since oil firms have complex structures...
...High oil prices are supposed to be bad for the economy. But, near term, energy stocks may be the one part of the overall market that can push it much higher. Investors will get to pay more for gas so that the value of their portfolios can rise...
...There have been some economic reports in recent weeks suggesting that the pace of the downturn has eased: consumer spending has stopped falling, the housing market has begun showing some signs of bouncing along a bottom (not so much in prices yet as in sales volume), and manufacturing's free fall has moderated somewhat. The stock market has of course been on a tear, with the S&P 500 index up 20% since early March. But while the market is a leading indicator, it can be an extremely unreliable...
...March employment data make it clear that any slowing in the rate of economic decline has yet to make itself apparent in the job market. The payroll drop was at least not any worse than forecasters expected, and it was 78,000 less than January's decline. But given the margins of error in the data, this may not mean anything...