Word: markets
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Over the past 30 years, the way we save for retirement has come to be dominated by one plan: the 401(k). But the financial crisis and resulting market meltdown showed the 401(k) to be far from perfect. A number of academics and others have proposed either changes to the 401(k) system or scrapping it altogether. Roger Ferguson Jr., chief executive of the investment firm TIAA-CREF, is one of the few financial executives who have backed changing the system. Ferguson's opinion is sure to have some sway. He is a former vice chairman of the Federal...
...weeks, the stock market had been toying with Dow 10,000, and on Wednesday afternoon it hit it. Considering that the large-company index went as low as 6,547 in March, that feels like cause for celebration. But is it really...
...growing chorus of market watchers says no. The concern is that the stock market is overwrought and that down is the only sensible direction to head. Sure, individual companies have been quick to bounce lower based on bad news. Both insurance outfits and financial firms lost ground on Tuesday thanks to two big events - the passage of a health-reform bill by a key Senate committee and a Goldman Sachs downgrade by an influential banks analyst. (Read "How to Know When the Economy Is Turning...
...more inside-baseball indication of being on shaky ground is the fact that even on days when stock prices are rising, few people are trading, making for some fairly thin rallies. "Sellers have entered the market but buyers have stepped away," says Mary Ann Bartels, head of U.S. technical and market analysis at Bank of America/Merrill Lynch. "When that happens, we have to question the sustainability of the rally." (See which businesses are bucking the recession...
...Yesterday’s] Nobel Prize is timely, as the economic crisis has taught us that we need to understand much better what goes on within large organizations, and what goes on within organizations is not entirely governed by market forces. This is precisely what the Nobel Prize winners and my colleague Oliver Hart have been researching on over the past three decades,” said Harvard Economics Professor Philippe Aghion yesterday...