Word: zweig
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Dates: during 1990-1999
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Lousy retail sales lead to disappointing earnings, which sooner or later lead to lower stock prices, so Grant expects that the owners of stocks will have less to show for their investment than the owners of suits. Wall Street money manager Marty Zweig, a chronic pessimist, sees the current situation more optimistically. He thinks the sluggish economy will keep interest rates low, which in turn will drive stock prices higher, at least for a while...
Even Marty Zweig, Wall Street's most notorious worrier, isn't worried about the Mexican market. He's too busy worrying about the U.S. market, which he believes is dangerously overvalued in an environment of rising interest rates. But Zweig directed me to the Mexican analyst who is highly touted by his trading desk: Caoimhe Royds of Natwest Bank in London...
...might have the same effect: by boosting interest rates it could entice investors back to banks and money markets and put the bull to flight. The key to everything seems to be interest rates. "If you get a major rise in rates, it will kill the market," says Marty Zweig, who runs the Zweig Funds...
Chastened, I decided to cut out the lag time between interview and publication. I called Marty Zweig, another market star, who updates his tape- recorded advice daily. The Dow had just closed down 34 points the Friday before Memorial Day, and I wanted to know whether the bear was back. "The market does not go down prior to holidays all that often," Zweig's tape explained, "but when it does, the odds are about 7 out of 8 that the next day will be lower." It shot up 49 points...
...limited to the size of your bet) or leave all this to the managers of your mutual fund. Some funds, like Fidelity Magellan, feel obligated to remain nearly fully invested at all times. But others, like Mutual Shares, may go heavily into cash, or, like the closed-end Zweig Fund, short stocks themselves...