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...secular bear market, in almost every situation, there has been a huge rally followed by a long period of churning back and forth in a big, broad trading range, anywhere from three to - in the case of Japan - 18 to 20 years. As for the rally, the usual rebound rally after one of these things is 71% over 17 months. The current rally in the U.S. and Europe has been about 42% over the last five months. We've gone up faster than most rebounds, but not as far. After the rally is over, I can imagine a trading range...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...having said this is unlike other crises, and it's the most serious crisis we've faced and it will have long-term repercussions. It's the end of an era, and there will have to be major adjustments. Those who expect that we will return to business as usual don't understand what's happening. See TIME's Pictures of the Week...

Author: /time Magazine | Title: Billionaire George Soros' Private Stimulus Plan | 8/11/2009 | See Source »

...most surprising result so far might be that Latin America's leftists have abandoned their usual line of accusing Washington of meddling and are lamenting that it hasn't done enough. "Do something, Obama. This is in your hands," Venezuelan firebrand Hugo Chávez groaned on his television show. The Obama Administration argues it has taken action by cutting off military aid to Honduras and revoking the diplomatic visas of several officials. But U.S. conservatives have argued against more punitive steps, saying Zelaya was a menace who had to be taken down. The coup was launched as the leftist leader...

Author: /time Magazine | Title: Spotlight: Honduras | 8/10/2009 | See Source »

...famous Cindy Sheehan—who holds George W. Bush personally responsible for the death of her soldier son—learned this the hard way when she came to town earlier this summer to stir up her usual ruckus outside the former president’s new Dallas home. As Bush’s house sits at the end of a cul-de-sac, Sheehan couldn’t get closer than the top of the street, and the neighborhood’s expansive green lawns and wide driveways absorbed her group’s attempts at charismatic exhortation...

Author: By James K. Mcauley | Title: Requiem for a Neighborhood | 8/9/2009 | See Source »

...says he visits every second day for supplies since he gets many things cheaper here. "This store has certainly expanded my range of choice," he says. "But it's just one more store where I buy supplies from. I still get better prices and more convenience shopping at my usual suppliers." He is cut short by a commotion - the appearance of a forklift has created a stir. Children are gazing, enchanted, while adults look on with barely concealed curiosity. The store staff quickly rush in to cordon off the aisles that are being restocked, and gradually it's back...

Author: /time Magazine | Title: A Visit to India's First Walmart (a.k.a. Best Price) | 8/9/2009 | See Source »

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