Word: strategists
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...were in stocks or stock funds, that faith in equities is being challenged. And European investors may actually be more disillusioned, and could prove even slower to return to shares. It's about timing. "The retail investor in Europe is a young investor," says Michael Hartnett, a Merrill Lynch strategist in London. "He came into the market toward the end of the bubble and has experienced considerable downside." What's more, the newest investors often ended up in some of the worst stocks. Many were first drawn into the markets by the high-profile share offerings of former state-owned...
...APPOINTED. LAL KRISHNA ADVANI, 74, India's Hindu nationalist Home Minister, as Deputy Prime Minister; in New Delhi. Widely perceived as a right-wing hard-liner, Advani remains the main strategist of the ruling Bharatiya Janata Party (bjp). He has long been the de facto No. 2 to Prime Minister Atal Bihari Vajpayee, and his new designation appears to formalize his position as successor...
...used to. A fall in privatizations and cross-border mergers has led to a 56% plunge in foreign direct investment in the world's richest nations, says an O.E.C.D. report. BOTTOM LINES "The fear is this market has more shoes than Imelda Marcos." Charles Reinhard, Lehman Brothers strategist, asked when the stock market's next shoe will drop...
...unsettling. One shows that over the past two months, Americans who rank jobs as their biggest concern--the largest group of voters--have gone from feeling somewhat optimistic about the direction of the nation to marginally pessimistic. "Not a good environment for a party in power," frets a G.O.P. strategist. And once voters start worrying about whether they will keep their jobs, they become more concerned about such issues as health care and Social Security--issues on which Democrats have an edge...
...Dismayed by this state of affairs, Rove decided something needed to be done. This week Simon campaign strategist Ron Rogers was replaced with John Peschong, who's close with Bush allies in the state. Simon's campaign denies any tensions with the White House, but Rove and other Bush advisers have been openly critical of Simon and his campaign. One GOP strategist who has talked to White House advisers told the Los Angeles Times, "There's not a lot of confidence in the White House with the campaign," and said they were unhappy with "money, message and messenger...