Word: turnarounds
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...Kadlec: I think this is the pattern we're going to be seeing on Wall Street for a while. We had a really nice rally - the Dow has really surged, picking up 800 points since what was seemingly a spontaneous turnaround Thursday afternoon, and even the NASDAQ has been pretty strong...
...took an industry outcry and an ordered Administration review, however, to produce Bush's startling turnaround on carbon-dioxide emissions. The interagency group that met at the White House two weeks ago was deeply divided. Whitman's EPA wanted to stand by the campaign promise. The State and Treasury departments wanted to finesse the issue by deferring action. And political director Ken Mehlman wanted to abandon the promise, calling it a liability in states like coal-rich West Virginia, which Bush won last year after decades of Democratic dominance. All three options were presented to Bush...
...south in the face of three interest rate cuts, and that's certainly what we'll have on Tuesday, no matter what the size. As long as Greenspan doesn't seriously disappoint with a 25-point cut, this may well be the month that we start to see a turnaround, in both consumer sentiment and in the markets...
...NASDAQ by now), the end of the carnage does look to be near. A day as bad as Monday can be good news in itself - they call it "capitulation," when the trading floor is wet with tears - and some analysts hold that it's a must before any turnaround rally can really take hold...
Remember that some budget airlines keep costs low and turnaround times high by flying in and out of secondary airports that are often a long way from city centers. So factor in the cost-and inconvenience-of a long bus, train or taxi ride if necessary. And don't forget that there's no such thing as a free lunch on a no-frills airline...