Word: selling
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...supply of gold is also a factor in pricing. Many investors holding gold reserves have faced losses in their other assets, which would have led them to sell their gold. Ordinary people, too, have motive to sell their gold jewelry during a recession, which should increase the supply of gold on the open market and impede a price hike...
...almost 14,100 in October 2007. An investor in an index fund doubled his money and did even better if dividends were factored in. No one calls the long leg up in the market a sucker rally, but it was for those who did not sell their stocks until early this month when the Dow dropped below 6,600. (See pictures of the Top 10 scared traders...
...What defines a sucker rally is simply a matter of perspective, and, more importantly, when investors buy and sell. Someone with the fortitude or foresight to buy Citigroup (C) earlier this month at $1 would have had a return of two-and-a-half times in a matter of days. It is pointless to figure out what that would be on an annualized basis. Citi is not going to $5,000 in the next year, so doing the math doesn't matter. (See pictures of TIME's Wall Street covers...
...reputation will be on the line as well. Panned after he put out a vague framework on Feb. 10, the new Treasury Secretary has only so many chances to instill confidence. With the new bank plan, he's getting a second chance, but it will be a hard sell...
...environment and save ourselves some money. Packaging is a perfect example. It makes me crazy to buy two Advil in $40 worth of plastic packaging. Yvon Chouinard, who runs Patagonia, is one of my close personal friends and a big environmentalist. He tells a wonderful story: he wanted to sell underwear without any packaging. I said, 'You'll go broke!' But he just put a rubber band around it and sales went up 35%. He uses that as an example of a way to think outside...