Word: short
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Dates: during 2000-2009
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...well timed investment in GE (GE) could be worth a 71% return, also in less than a month. Sirius (SIRI) is up 7x from its low of $.05 which was set only a month ago. Even Apple (AAPL) has moved up 27% in a very short period of time. There really is not any such thing as a sucker rally. There are only suckers. In the long bull market that stretched over nearly four years, many investors who made five or six times their initial investment did not cash out in 2007. Some did not take even a small part...
...long and short of it is that AIG will pay back taxpayers for the bonuses using taxpayer money. AIG has no money of its own. It has planned to sell off some of its divisions to raise capital. With one or two exceptions, there have been no takers. Perhaps the cause of that is tight credit markets, or perhaps the AIG operations that are one the block are not terribly attractive...
...Irving Kristol, chartered the school of thought known as “neoconservatism,” and he studied for his doctorate under Harvey C. Mansfield, Jr., ’53, conservativism’s elder statesman and principal brain trust. Despite these credentials, Mr. Kristol’s short run on the Times’s editorial page had yielded little more than uninspired boilerplate. With Mr. Douthat taking his stead, the Times will now feature a conservative whose intellectual vintage is much younger but who has already earned a reputation as an independent thinker and reformer...
...days, the paper would be forced to close its doors or produce a Web-only version with a fraction of its staff. The P-I's demise is a sign of the times, coming in the wake of the Feb. 27 closure of Denver's Rocky Mountain News weeks short of its 150th anniversary, while the San Francisco Chronicle, another Hearst paper, has been put on notice that its days may be numbered. (See the top 10 financial collapses...
...Though Obama's tone fell somewhat short, he has proved that he understands the level of humiliation now being foisted on American taxpayers. He described the stakes of the current situation perfectly. "This is not just a matter of dollars and cents," the President said in the East Room. "It's about our fundamental values. All across the country, there are people who are working hard and meeting their responsibilities every single day without the benefit of government bailouts or multimillion-dollar bonuses...