Prudentinvestingsurelyrequiresacknowledgingthepossibilityofanextendedbearmarketandconstructingaportfoliothatcangrow,ifnecessary,nomatterwhat.Billsaccrueandliabilitiesgrowregardlessofwhatequityindicesaredoingunfortunately.Butgovernmentbondyieldsarefarbelowrequiredactuarialtargets.Worseistheduallydamagingimpactonportfoliosoflowerdiscountratesatthesametimeasthestockmarketfallsapart.
Manyinvestors...[
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orfeelbetterandexciting.[
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Bearswillbeingdisapppointeddearly.
Eachonemayreceive$500dollarTaxrebateverysoon.[
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WithIntelfailingtoshine,eventhoughitcontrolsthehigh-grossmarginservermarketandeventhoughrivalAdvancedMicroDevicesisbarelyalive,therewouldappeartobeonesimpleconclusion:Thechipbusiness,awayfromtheboominthelate1990s,isreallyjustanothercyclicalindustrythatinvestorsclingtoisifitwerestillinitsgrowthheyday.
What’sacyclicalbusinessworth?Certainlynotapremiumtothemarket;theS&P500tradesatabout15.6timest...[
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星期六的零晨我忽然醒来,发现LG不在卧房,像是躺在另一个房间悄悄打电话,行为诡秘。我好奇地拿起卧房电话兼听,发现LG正在与中国一大四女孩调情,两人一直聊了一个多小时,我了解到:俩人已有关系好几年了,女孩获得了LG资助到处旅游,剩下的都是相思的甜言蜜语,(来美国)早去早回的话。女孩还警惕地问:“她(是指我)起来了吗?”
听完电话,我百感交集,[
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2004-07-0812:53:58
随势操作适合你吗?
【CBS.MW加州7月8日讯】Pimco的葛罗斯(BillGross)管理著超过3500亿美元的债券基金,他非常希望联储能够在十一月之前将利率调升到2%。这位债券投资大师为什么会有这种想法?他已经在「商业周刊」作出了明确的回答:低利率很可能已经在住宅和抵押贷款领域造成了危险的泡沫。
「派对的狂欢已经失去了节制。」葛罗斯表示,「现在[
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