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...that particular bull died in the tech wreck. But unlike Edgar Lawrence Smith, who faded into obscurity after the '29 crash, Siegel has retained his reputation. That's partly because his book (the fourth edition of which was published last year) is full of warnings that when he says long run he really means long run--say, 20 to 30 years. It's also partly because in March 2000, just as the stock market was peaking, Siegel warned in a Wall Street Journal Op-Ed column that technology stocks were headed for a precipitous fall. But it's mainly that...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

Still, many expected things to be different this time. The bursting of the housing bubble so soon after the tech-stock wreck was supposed to show the excess and folly of the financial-services industry. Many predicted a massive shift in workers away from dollar-crunching into the more real parts of the economy. The best and the brightest would no longer head straight to Wall Street. (See 10 perfect jobs for the recession...

Author: /time Magazine | Title: Banking Jobs Holding Up Better than Most | 6/5/2009 | See Source »

...filmed. "Whatever comes of the edit bay will set the tone," says Scott Sternberg, an independent producer who has worked on such reality shows as The Chris Isaak Hour, Shootout and The Academy. "If it's produced right, it could be great. Or it could be a train wreck...

Author: /time Magazine | Title: The Octomom's Reality Show: Not for American Eyes | 6/3/2009 | See Source »

...policing the West Bank. On Sunday, Abbas' forces raided a Hamas stronghold in the West Bank town of Qalqilya; six were killed in the resulting clash. This may be a way for Abbas to prove to Obama that he's fulfilling his security promises, but the shoot-out could wreck ongoing talks in Egypt between Abbas and Hamas over forming a unity government that would bring the West Bank and Gaza under a single Palestinian leadership. As a Hamas official in Gaza told TIME, "All this proves is that Abbas is carrying out the bidding of our enemy Israel...

Author: /time Magazine | Title: Israeli Rejection of Settlement Freeze: Trouble for Obama | 6/1/2009 | See Source »

...politicians were not the only ones with diametrically opposed views. David Luban, a law professor from Georgetown University, described the memos from the Office of Legal Counsel (OLC) as "an ethical train wreck." The OLC, he said, had tried to "reverse engineer" their memos to try and make illegal actions legal. Jeffrey Addicott, from St. Mary's University School of Law, took the opposite position, saying it was "propaganda" to describe the CIA's methods as torture. "We have tortured no one," he said...

Author: /time Magazine | Title: Partisan Passions Dominate Interrogation Hearings | 5/13/2009 | See Source »

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