Word: thursdays
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...index has given back roughly half of the 24% gain it had logged since mid-November's low of 741. The financial news, spiked with bankruptcies, bank losses, surging foreclosures, rising unemployment and a slew of lifestyle stories on how to live on less, is unnerving investors. On Thursday they confirmed their wariness by taking the Dow Industrials below 8000 briefly before boosting the index back to close at 8212, up 12.35 points...
...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...
Answer: A Harvard senior who makes his game-show debut on Jeopardy! next Thursday and miffs host Alex Trebek...
...though, the Winchester, Mass. native and former competitive figure skater hopes to get back to enjoying the show in front of a TV screen—starting next Thursday night, when he will watch himself compete...
President-elect Barack Obama has clearly demonstrated that he knows the stakes when it comes to the economic crisis. In an address on the economy last Thursday, he said, “we need to act boldly and act now to reverse these cycles.” Regrettably, his proposed action, the American Recovery and Reinvestment Plan, falls well short of bold. A $775 billion dollar bill might be the best way to win bipartisan support, but threatens to leave our economy in recession for years, sell the American people short, and tarnish Obama’s presidency...