Word: weak
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...offensive about a sitcom metafictionally begging you to love its star in its first three minutes. Make no mistake, Bette loves its lead, all too well. It indulges her with Lucy-esque slapstick (she wrestles an exercise machine! She bashes a block of frozen waffles!). It surrounds her with weak characters who merely react to her. It makes TV jokes ("Pretty soon I'll have my own series, and then I might just as well kill myself") that tell us how lucky we are that such a big star is visiting that little box in our humble living rooms...
...since Sept. 1, more than wiping out a brisk August rally. Other indexes have fared better, but you pretty much had to be an oil sheik to have made money last month. The euro is falling. The economy is slowing. The dotbombs are exploding, and companies are warning of weak quarterly results. Dell is the latest. Everyone has the jitters...
...Republican viewers said Bush handled specific questions about foreign policy--his weak point--with skill...
Last week Kodak warned that the weak euro, coupled with higher energy prices, will mean disappointing earnings this quarter. Its stock plunged 25%. The previous week Intel issued a euro-related warning, and its stock crashed 22%. McDonald's, Gillette and Goodyear have all cited the slumping euro as cause for a diminished-profit outlook. Others will follow...
...trying to invest around the weak euro, avoid companies with extensive operations abroad. Those tend to be consumer-product giants like Colgate-Palmolive and Procter & Gamble, typically thought to be defensive investments. Tech stocks fall into the same trap. Even those without European operations aim to benefit from business there. Your salvation may be in oil, natural gas and electric utilities. Although they've run up, these stocks look best from a risk-reward point of view...