Word: rebounds
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...start to feel good about it, and then some more earnings hit. Wednesday you had Disney's layoffs and Nortel and Palm announcing bad earnings news, and suddenly you realize that there's not gonna be the fast rebound everybody loves to talk about...
...Bernard Baumohl: After five months of falling consumer confidence numbers, the survey has rebounded, not just slightly but dramatically. The jump mostly comes from the part of the survey that's been weakest in the recent slide - consumers' outlook for the economic situation over the next six months. They're more hopeful that the economy will rebound by the end of the year, and that we'll avoid a recession...
...times like these it can be hard to hang on to your stocks. No one knows if they will go lower before they rebound. But if you sell now for any reason other than to diversify, you probably shouldn't be in stocks in the first place. They work their magic only over long periods of time...
...rooting for a quick, V-shaped economic rebound, don't visit the bear cave. "If we're lucky, we'll get a U-shaped recovery," Biggs says, referring to a drawn-out hard landing. And there's a real case for an L-shape, he adds. That's L as in hell, a recession that is just starting and would last 18 months. His main concern is $4 trillion of vaporized stock wealth, which is crushing consumers. Biggs says Fed chief Alan Greenspan blew it; he was too slow to cut rates to stimulate spending and put a floor under...
...game came to a riveting conclusion early in the second overtime. As Dartmouth center Lauren Trottier broke in and was stopped by Dreyer, she barreled into the netminder and took her out of the play. The loose rebound popped out to winger Kristen Guarino, who buried the puck into the open...