Word: panic
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...tech slowdown began almost a year ago and Asia's stock markets and economies have been taking it on the chin ever since. But the sense of panic is something new. Until recently, Asia's policymakers and business leaders were confident that it would not be long before American consumers started partying again. Like kids waiting for a joyride in the backseat of a souped-up Mustang, Asia's markets cheered each time U.S. Federal Reserve chairman Alan Greenspan cranked the engine with yet another interest rate cut. But the car never budged. And as June turned to July...
...like me, you're already neck-deep in Asian equities, the best advice is to stay where you are. Pulling your money out in panic can only mean losing more. Better to wait for the markets to recover, unless you have absolutely no faith in a company's fundamentals?or there is a ".com" in its name. If you're feeling adventurous, this might actually be a good time to buy. Most of Asia's stock markets are trading close to their five-year lows in terms of price-to-earning ratios...
...content," says Begala. "So we changed. We had to." Bush's predicament is not so dire. Robert Teeter, co-author of the NBC News/Wall Street Journal poll that caused some anguish in the White House last week, says there's no need for the Bush team to panic. "People are still forming their opinions of him," says Teeter, a Republican. "All in all, he's in reasonably good shape...
...minutes out of Robertsfield airport, the plane began to pitch and shake. That prompted a hurried announcement over the intercom: "Don't panic. The flight - it's OK." Passengers aboard the aging Russian plane laughed or glanced out the window at the lush Liberian countryside below. Most of them were used to flying West Africa's skies. An air pocket was nothing. An engine falling off - that would be something to worry about. A few minutes later the plane had landed safely and the passengers, most of them bound for Freetown in neighboring Sierra Leone, were ushered into the airport...
...content," says Begala. "So we changed. We had to." Bush's predicament is not so dire. Robert Teeter, co-author of the nbc News/Wall Street Journal poll that caused some anguish in the White House last week, says there's no need for the Bush team to panic. "People are still forming their opinions of him," says Teeter, a Republican. "All in all, he's in reasonably good shape...