Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...There's no question that hard times are ahead. What is harder to determine is how much further stock prices must fall before recession is fully priced into shares, taking into account weakening corporate earnings. In past severe downturns, when the U.S. economy contracted by 2.5% or more, the average price-to-earnings (P/E) ratio of S&P 500 index stocks has dipped to as low as 10 (the long-term average P/E is 21). From where we stand today, stocks must drop quite a bit more before they reach this historical nadir. How far? Based on 2008 corporate-earnings...
...pain in property and construction has spread. Estonia's stock index is down 60% in the past year. Tourist numbers have fallen. A third of restaurants in Tallinn's old city center are expected to close in the next few months. It doesn't help that a diplomatic spat between Estonia and Russia, which erupted last year following Estonia's decision to relocate a Russian war memorial, has resulted in a 30% drop in exports through Estonia's ports. Combine all that bad news and it's little wonder that Estonia's unemployment rate, just 4.7% in 2007, is predicted...
...estimate, net banking flows into the region, most of them originating in Western Europe, will fall from $219 billion in 2007 to just $74 billion next year. Sweden's Swedbank, which not long ago earned a fifth of its profits from the Baltic region, has seen its stock price halve in the past year over fears of exposure to bad loans, and on Oct. 27 it announced a $1.5 billion rights issue to bolster its finances. Two days later Austria's Erste Bank turned to the state for $3.5 billion, in part because of problems with its banking operations...
...voters realized that treating animals better can be good for human health and the environment. They noticed that America’s organic farmers (and the retailers, like Whole Foods, that stock them) have already gone cage-free, and that the food safety-conscious European Union is following suit...
Production of Iskanders is planned for 2009. But the turmoil in global markets has hit Russia particularly hard. The main stock index is down roughly four times compared to a year ago, while prices for gas and oil - Russia's real weapons these past few years - have dived as well. Foreign currency and gold reserves shrank from nearly $600 billion in August to $485 billion last week, further undercutting Russia's clout. As the economy shrinks, as seems likely, the Iskander could end up looking like a costly extravagance. Under the circumstances, production of the missile might be delayed...