Word: cheapness
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...market will come back eventually. But that has a way of taking years, even without a crisis of ethical confidence. Stocks didn't return to their 1929 levels until 1940; they took 30 years, till 1996, to return to the peak reached in 1966. Many stocks still aren't cheap, third quarters are often painful, and the bears, at least, think there's more bad news to come...
...percent auto financing has returned, as Detroit seeks to boost sagging sales. The free-money deals from Ford and General Motors on select 2002 models are a boon for consumers, saving them thousands of dollars in interest. Unfortunately, not all consumers can participate. To qualify for free or even cheap financing, you need a credit history that's close to pristine...
...espionage game once spawned plenty of cool spy gear, like poison-tipped umbrellas and recording devices disguised as ballpoint pens. But it's all getting so low-rent. Corporate spies are now using ordinary cell phones as cheap eavesdropping devices. Phones switched to idle and silent mode and set to answer calls automatically can be "accidentally" left behind in an office?when a spook excuses himself from a meeting to use the bathroom, for example?and activated remotely from another handset, allowing the user to listen in without the occupants' knowledge. The scam is more cunning than it sounds...
Ireland pounced on the global economic boom of the 1990s, luring billions of dollars with low taxes, cheap labor and an English-speaking workforce. The boom's collapse also hit close to home - perhaps most dramatically in the case of the troubled Irish drug company Elan, which has seen share prices plunge 90%, is the subject of an accounting investigation and is struggling to raise $1 billion from asset sales to stay afloat. But as Elan's chairman and CEO Donal Geaney stepped down last week, along with deputy chairman Tom Lynch, their gloom had not really spread...
...market will come back eventually. But that has a way of taking years, even without a crisis of ethical confidence. Stocks didn't return to their 1929 levels until 1940; they took 30 years, till 1996, to return to the peak reached in 1966. Many stocks still aren't cheap, third quarters are often painful, and the bears, at least, think there's more bad news to come...