Word: pricedness
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There's no question that hard times are ahead. What is harder to determine is how much further stock prices must fall before recession is fully priced into shares, taking into account weakening corporate earnings. In past severe downturns, when the U.S. economy contracted by 2.5% or more, the average...
"The market has priced in an average recession," says Ed Yardeni, a Wall Street economist. "Anything beyond that and the market will have more to fall."
So far, Sears, which has been struggling, is leading the promotional pack, announcing 450 door busters, or specially priced items, from 5 a.m . to 11 a.m. on Black Friday. Shoppers will find deep discounts in electronics, like a Sony Blu-ray Disc player for $179.99, down from $300, and a...
What's more Partisan, shrill and exhausting than presidential politics? The eternal conflict between Microsoft and Apple, of course. While the race to the White House will, mercifully, be over soon, the decades-long battle between Macs and PCs--with the negative ads and trash-talking bigwigs--will persist until...
The books produced by this generation are "not about partition, or the Emergency, or three-generational family sagas written in Oxford English," says New Delhi literary agent Renuka Chatterjee. Instead, the topics are populist and contemporary (college, finding a job, looking for love) and the English is as unpretentious as...