Wall Street rumbles.The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. was approaching the 11,000 level last week, which naturally got market watchers wondering whether the steadily climbing stock market was about to peak out. Actually, U.S. markets have been enjoying a bull run for more than three years--an unusually long stretch--even though price gains hardly compare with the late 1990s. A Santa Claus rally Santa Claus Rally A jump in the price of stocks that often occurs the week between Christmas and New Year's. There are numerous explanations for this phenomenon, including tax considerations, happiness around Wall Street, and the fact that the pessimists are usually on vacation may keep things going, especially amid speculation that the Federal Reserve might soon stop raising interest rates, but after that it's anyone's guess. So the Business Journal asks: Is this still a bull market? Tammy R. McKenzie Principal Mercer Inc. I would still invest now. Stuff was doing better before but it all depends on where you invest. I see investments as long term, not short term. I would do the basics like oil and telephone companies. I don't do "I Don't Do" was the debut single by glamour model Michelle Marsh, released on 6 November 2006. The single reached 27 in the UK in its first week, selling only 9,000 copies and over 16,000 copies as of January 2007. The single spend a total of four weeks in the Top 75. tech companies. Google stock just dropped five percent yesterday. In the long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul. investments usually end up OK if you invest smartly. Neil D. Berlant Managing Director, Water Group Seidler Companies Inc. I can talk for the water industry and say that the market is about as good as it has been in 15 years. The attractiveness of the area has continued to grow. The industry itself is getting better and valuations of the companies, even though they have performed very well, continue to grow. Growth is only likely to accelerate in the foreseeable future. Prospects for investment success over the next several years are compelling given that valuations are not at all expensive. Jeff Smith CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. JS2 Communications I think it's a bull market. I look at stocks like eBay Inc. and Google and a lot of these tech stocks. My portfolio is up 14 percent this year, so the scene looks very encouraging. It definitely is bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish on tech stocks and media stocks. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. looks like it's going to win the sweeps. I think when a company like Disney rallies like this, it has to be good. Richard Weiss Chief Investment Officer City National Bank If they call it a bear market, then this is the only bear with horns that I have seen. There is no question that we are still in a bull market. The issue is whether it is a raging bull or an aging bull. I think it is the latter. All recent economic data support that notion. The quarterly earning figures came in and have gone up. Corporate earnings are still up in double digits Double Digits was a pricing game on the American television game show, The Price Is Right. Played from April 20, 1973 through May 18, 1973's show, it was played for a car and used small prizes. . Virtually every economic indicator economic indicator Statistic used to determine the state of general economic activity or to predict it in the future. A leading indicator is one that tends to turn up or down before the general economy does (e.g. shows that the market is strong. How much longer it will run this way is the critical question. Robert Mahl Vice President Andreini & Co. I think the market is somewhere in between. Until the last couple of weeks it was relatively stagnant. But it has been moving up recently and shows promising signs of slow progress. This kind of trend is typical for the end of the year. I am investing now; it is really a matter of cost averaging. It always works itself out one way or the other. |
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