Word: priced
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...investors sent the U.S. stock market down sharply on June 15. At the day's close, the Standard & Poor's 500 Index was off 2.4%, with the steepest drops suffered by major banks and commodity producers. Bank of America, the most actively traded stock during the day, saw its price shed nearly 2.8%. The Dow fell 2.1% to close...
...York City's big problem is not so much the financial-industry meltdown as it is an intense lack of affordability. As the report notes, metropolitan-area New York home prices peaked in the second quarter of 2007 at $552,000. By the first quarter of 2009, the median price had dropped 19%, to $446,000, but the market swoon was less than half the drop recorded in many other areas of the country. Today among the 10 biggest metropolitan areas, New York ranks as the least affordable...
...message that price matters has been getting more prominence in Siegel's work too. He says the one significant change in his advice over the past decade has been an increased emphasis on "value" stocks with prices that are low relative to earnings, book value and other fundamental measures. Both Arnott and Siegel are boosters of a new investment approach called fundamental indexing, in which one assembles a portfolio weighted by earnings, dividends or the like in order to avoid the tendency inherent in conventional capitalization-weighted index funds to load up on the most expensive stocks...
Asia for Cheap. Singapore Airlines is offering economy-class fares from Los Angeles, San Francisco, Houston and New York City (JFK only) at three price levels: round-trip tickets to Moscow, Tokyo, Hong Kong and Seoul cost $599; to Singapore, Bangkok, Bali and other cities in Southeast Asia, $699; and to Mumbai, Delhi, Karachi, Sydney and Perth, $899. Book by June 28 for outbound travel from July 1 through Nov. 30. All travel must be completed...
...relaxation in a proper bed at a B&B by night. Rates start at $2,250 per person for six nights and include outfitting, lodging, all meals and transportation (for a limited time, Hondoo is offering a 15% discount on reservations for two or more, dropping the price to $1,925). If you prefer to camp, six-night camping trips are on sale for $1,275 (down from the usual $1,495). And if you're not a great rider, don't worry - you can request a gentle horse for novice riders...