Word: morgan
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...attention deficit disorder. Heraclitus said you cannot step into the same river twice - each instant, it becomes a different river. For some time, we have been living in the rapids. Just as Edmund Wilson's libido demanded a lifelong drill of undiscriminating erections (a sexual enactment of J. P. Morgan 's dictum: markets go up, markets go down), so the news demands an exhausting procession of moral arousals and judgments - outrage and sympathy, Diana and John, Bill and Monica. We are all Oprah...
...ANALYSTS HAVE GOT REAL They've slashed earnings forecasts. Now weak results get a positive spin. J.P. Morgan and Apple, for instance, last week reported steep earnings declines that topped expectations and rallied...
...buyer is just over 55, with a self-made fortune and three residences. With plenty of cash and plenty more expected, they see little need to conserve wealth. Today's new money increasingly covets exotic experiences more than fancy trappings, according to Iconoculture, a research company hired by J.P. Morgan to track wealth culture in 12 cities. Larry Samuel, a partner in Iconoculture, thinks the World taps perfectly into today's moneyed mentality: "If bragging rights are defined more by what you do than what you own, what a coup it will be to tell somebody that this...
Health care faces fewer competitive pressures than virtually any other sector, says Morgan Stanley U.S. equity strategist Steve Galbraith. "The health-care industry does not face the risk of two guys in a garage coming up with a Netscape-like technology that suddenly reshapes the entire industry," he wrote recently...
...Wall Street was already finding its smile. After shrugging off Cisco's woes on Tuesday (and feeling pretty good about having done so), the Dow and the NASDAQ were already surging Wednesday on Street-beating earnings reports from Old and New Economy stocks alike - Intel, General Motors, J. P. Morgan Chase, and AOL Time Warner (parent empire of this writer - go stock options!). The rally, you see, was already...