Word: stocked
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Here we go again. After late-December market action suggested that a decent rally was gaining steam, the stock market appears to be returning to its November queasiness...
...ongoing question surrounding the nation's biggest banks, including reports that Bank of America's acquisition of Merrill Lynch is shaky and that BofA will need billions more in federal assistance. Meanwhile, Citigroup is trying to stay one step ahead of the sharks, er, shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division, a deal that will bring Citi more than...
...stocks headed back to the lows of mid-November, when the Dow sank to 7552? A further decline of 5% or so from Thursday's lows would put the market back near the November bottom. For stock-market technicians, a so-called double bottom, or return to prior lows, can be a healthy sign of base-building, which can set the stage for a sustained advance. But there are special risks related to any such swoon this time around: Bank stocks are among the market's weakest, and a further drop in their shares could place these institutions in jeopardy...
...bottom fishers, the message is clear: This is no time for casual market-dabbling with your portfolio. Be either a lightning-fast stock trader or a very-long-term investor...
Though Bush has been "landslided" in the polls (a Bushism for "badly whipped"), he believes his stock will rise eventually. Consider: 52 months of prosperity between recessions. A situation in Iraq less calamitous than it once was. Even in the bungled response to Hurricane Katrina, Bush found a silver lining: the large number of people rescued from rooftops after the levees failed. "I think it's a good, strong record," he said...