Word: witter
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That's how bear markets go. Instead of every dip being a buying opportunity, every rally becomes a chance to unload. "For the first time in a while, people have got really scared," notes longtime bear Barton Biggs, chief global strategist at Morgan Stanley Dean Witter. He was expecting more selling this week, fueled by margin calls, margin-related liquidations and fidgety institutions. Mutual-fund investors, generally, have been holding on, Biggs says, though they haven't been aggressive buyers, and some fund companies got hit with redemptions. [What should you do? For advice on riding out volatile markets...
...School of Business at the University of California, Berkeley, and chairman of the White House Council of Economic Advisers during the first Clinton Administration, pointed out that the Internet is starting to roll through financial industries as it has through American retailing. Big brokerage houses like Morgan Stanley Dean Witter and Merrill Lynch are launching online services against burgeoning upstarts like Charles Schwab and E*Trade--just as Internet-based brokers start to offer subscribers such customized services as video interaction with financial advisers. The losers? Maybe neither. "These new approaches aren't displacing anyone," said Tyson, "but allowing more...
...still offer relatively high rates. They are yielding more than 90% of a comparable Treasury bond, the result in part of an abundant supply. "Historically, muni yields are not this close to Treasury yields with the same maturity," says Mark Tenenhaus, director of municipal research for Morgan Stanley Dean Witter. The kicker is that the muni bonds are tax free...
...eventually shines during the jail scene. In Jac Huberman '01, the performance of Bonnie is made up for in vocal top-heaviness with well-played humor and a sophisticated intimacy with her unsophisticated character. And while the dancing of John Keefe '01 (Billy Crocker) makes one think Pacey Witter meets Carlton Banks meets a (very) immature Fred Astaire, he has great boyish vocals, and does extremely well with the hilarity of Billy's awkward position...
Eileen M. Grabowski, a vice president of Morgan Stanley Dean Witter, agrees that it is very helpful. But both stressed that their companies do not discriminate against unconnected candidates...