Word: slumped
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...Which is not to suggest the Fed sat on its hands Wednesday. The half-point cut, thoroughly expected by the markets, did spark a "buy-the-rumor-sell-the-news" mini-slump, but clearly this was not the abject disappointment that a quarter-point drop in the bucket would have been, and the next month should be relatively happy one on the Street. After taking back that roundly criticized (mostly in hindsight) May half-point hike in January, Greenspan has now done it again, lopping off another half-point, and stands ready to pull a February surprise just like January...
Here's my explanation for the stock slump: At some point, one of the big players in the market got a little nervous and sold out to preserve a billion dollars in short-term profits. This scared all the rest of the big players, and like lemmings, they followed suit. It is these big players who cause the problems, not the little guys like me who have invested only a few thousand dollars. The big players could do all of us a gigantic favor by thinking long term like the rest of us, the little guys. MARK DORNBLASER Lafayette, Colo...
When President-elect George W. Bush announced his intention to appoint former Harvard assistant professor Lawrence B. Lindsey as assistant to the president for economic policy, it coincided with the former Texas Governor's public declaration that the country should prepare for a potential economic slump...
...much information available immediately via the Web and financial TV channels, this linkage is tightening. But there will always be a gap between the market and the real economy. That means stocks may be at their lows just as a slowdown becomes apparent. Where are we today? The slump is just now smacking us in the face, but the stock market started discounting it 10 months...
With so many e-businesses crying "Backward, ho!" in a rush to reach solid commercial ground (and Web-related magazines like Business 2.0 and the Industry Standard seeing a slump in advertising), it's hard to figure out who's leading the charge. Are the print magazines supposed to lure customers to the websites, or are the websites portals to the magazines? Both, it turns out. And neither. Expedia Travels is not the official magazine of Expedia.com asserts Gary Walther, the magazine's editor in chief. The connection is purely commercial, a sort of code-sharing agreement for generating customers...