Word: nasdaq
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...bear may be on the books by the time you read this. But it really doesn't matter because the torture started 14 months ago when the Dow (down 10.7%) peaked, and it began in earnest with last spring's meltdown of the NASDAQ (down 58.1%), taking with it the Internet mystique and those cocksure techies and blowhard analysts...
...businesses are in the black-the main airline, trains, Virgin Direct financial services and the Megastores all turn profits, says Whitehorn-plenty more just plain haven't worked. Virgin Drinks, the cola company, lost millions in recent years. Virgin Express, a Brussels-based discount airline that trades on the nasdaq for about $1 a share, down from more than $27 in 1998, has been hit by its dependence on connections with Belgium's beleaguered Sabena airline...
...Technology firms lay off tens of thousands." "Wall Street recruiting drops off this year." "Inflation up, NASDAQ tumbles...
Myth number one: Now is not a good time to invest. We're not in a recession, but if everyone is acting as if we are, that opens up great opportunities in the stockmarket. With the NASDAQ trading at just over 2000 right now, bargains abound. In fact, buying growth stocks at the bottom of an economic cycle is one of the best time-tested methods for beating the market. The legendary investor Warren Buffett, speaking to Fortune magazine during the deep recession of 1974, told stunned interviewers that he was buying every solid company in sight. "I feel like...
When it comes to reading about the economy and your money, it pays not to believe the hype that you read in the press. Everyone has their own interest in mind, and the same person who's trashing tech stocks on CNBC has probably shorted the NASDAQ behind the scenes. What we have now is a small correction, and anyone who says otherwise either knows more than Alan Greenspan--who remains cautiously optimistic-- or has got a horse to sell...