Word: recessional
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But retailers have planned for this season's frugality, ordering up to 20% less inventory, making them less susceptible to mid-December price-slashing. "You clearly aren't going to see the kind of discounting that you saw last year," says Stephen Sadove, chairman and chief executive of Saks Inc...
The U.S. has endured not one but two market crashes - one at each end of the decade. You might recall the first Wall Street crash, when swooning tech stocks tanked the market from 2000 to 2001, not long after the Nasdaq hit an all-time high of 5049 on March...
See 10 big recession surprises.
See which businesses are bucking the recession.
And also recall that the stock market usually mirrors political and economic trends. When the future appears to be stable and certain, the market moves up. When unexpectedly positive events occur, like the Internet boom in the 1990s, stocks produce above-average returns. This decade, the surprises were mostly negative...