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What about the market more generally? I'm a valuation guy. I look at P/Es and things like that to tell me where the market is. As you get near the bottom of these things, that tends to be where valuations are attractive. I'd move away from the staples and pharma and into the more cyclical names. I'm looking forward to doing that. We've been looking for an opening, and we hope to get it in the next six months. But if I'm wrong, then maybe it will be the six months after that...
...There is a powerful argument that the number of people unemployed in the United States could rise by more than 2.5 million people in the first quarter based on the current job situation. The case that no one wants to mention is that the figure could move above three million...
...overthrow him so they can push through tax hikes and generally bully all future governors. Blagojevich then surprised all observers by going ahead with an appointment to replace Obama; his choice of Roland Burris, a veteran African-American politician of impeccable credentials, turned out to be a shrewd move that Senate leaders in Washington reluctantly had to accept. And his stunning press conferences, during which Blagojevich has quoted poetry and presented himself as a defender of the ill and infirm, have made the entire impeachment process seem like a joke...
What remains of the insurgency may gain new life if disaffected political elements on the losing end of the coming provincial elections Jan. 31 turn toward violence. And militias remain a lurking presence in the political process as well. The truth is that any move by the new White House on a U.S. withdrawal is a gamble, including sticking to the current timetable. Even the sharpest of Iraq observers have failed to foresee key turns for the better and worse over the years...
...seems to have shaken Icelandic politicians. Two days after a throng of angry protesters beset his official car on Jan. 21, Prime Minister Haarde called a press conference to reveal that doctors had found a malignant tumor in this throat and that he would step down. In an unexpected move, Haarde called for an election in May, only days after firmly and repeatedly denying the possibility of such a poll...