Word: morgan
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...Heard: “Well, I finally decided on Morgan Stanley. I mean, Blake already has an apartment on the Upper West Side, and it will just make it so much more convenient for the both of us...Oh really? I never thought she would go with that firm. What’s her father’s name again...
That's how bear markets go. Instead of every dip being a buying opportunity, every rally becomes a chance to unload. "For the first time in a while, people have got really scared," notes longtime bear Barton Biggs, chief global strategist at Morgan Stanley Dean Witter. He was expecting more selling this week, fueled by margin calls, margin-related liquidations and fidgety institutions. Mutual-fund investors, generally, have been holding on, Biggs says, though they haven't been aggressive buyers, and some fund companies got hit with redemptions. [What should you do? For advice on riding out volatile markets...
...Hugh Morgan Hill, a storyteller who goes by "Brother Blue," listened from the audience and said that he was very impressed with the quality of the poets' works...
...apparel to videos--e-shoppers can choose from 100 look-alike pet-supply sites and more than 200 toy stores, for example--virtually guarantees mass extinction. "The reality is that many of these companies are simply running out of cash," says Tom Wyman, who watches online shopping for J.P. Morgan. "They are losing anywhere from $10 million to $30 million a quarter." By year's end, Wyman says, "a majority of the owners will be forced to turn out their lights and go home...
...backlash against the posters and the creation of bond was really a wakeup call," Morgan says. "Are we fulfilling the role we should be fulfilling? Is BOND doing it better...