Word: bearish
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...April 16, the SEC alleged that Goldman misrepresented to investors the involvement of hedge fund manager John A. Paulson—who famously made billions through bearish bets on the housing market in 2007—in assembling a portfolio of mortgage-backed securities that he later bet against...
Alex Barron, founder and senior research analyst at Housing Research Center LLC, is more bearish. He says this latest program of foreclosure prevention is just another way to delay rather than solve the problem. "My head is spinning," says Barron. "They keep exacerbating the problem. All this government interference is simply prolonging the inevitable." Barron says the housing market needs to correct on its own at this stage - "and the sooner it's allowed to do so, the sooner we can get on to a real recovery...
...experts are more bearish on Atlantic City and other regional markets. Atlantic City is facing stiff competition from a flurry of neighboring states, such as Pennsylvania, Delaware, West Virginia and Maryland, that have been expanding their gaming operations beyond slot machines to include table games. At the same time, other states, such as Massachusetts and Rhode Island, are expected to legalize gambling to fill budget shortfalls...
...which are oncology drugs--represent one of the fastest-growing segments of the health care market. AmerisourceBergen's revenue in the sector topped $16 billion last fiscal year. "If Cardinal is going to play, they have to move now," says Sanford C. Bernstein & Co. analyst Helene Wolk, who is bearish on Cardinal. "And they're going to have to buy, not build, to get to scale as quickly as possible...
...Fitch Ratings, expects unemployment to peak in the second quarter at 10.4% before slowly starting to decline. "It will average 10.2% for the year," which will impact consumer spending and confidence, she says. Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm, is even more bearish, predicting unemployment will hit 11% before it peaks. "I think we're in for a very rough year...