- June 30, 2003 | The Bottom Line
- Stealing the Show
WorldCom was so corrupt that it should have been shut down. Now fraud is compounded by farce: The government is actually rewarding the company!
- June 23, 2003 | The Bottom Line
- Jail Bait
Martha Stewart’s being treated unfairly, she’s being singled out, right? Nonsense. By mounting a breathtakingly inept defense that only served to taunt prosecutors, she wrote her own indictment.
- June 2, 2003 | The Bottom Line
- Real Bull
The scandal-obsessed business press can’t help but focus on yesterday’s news, but right now there’s an honest-to-goodness rally going on in certain sectors. Including, believe it or not, tech.
- April 28, 2003 | The Bottom Line
- Victory Bond
Day traders would have you think that anything and everything that happens in Iraq is automatically meaningful to the market—but only a few sectors will truly benefit postwar.
- April 7, 2003 | New York Magazine's 35th Anniversary
- Ghost in the Machine
The computerized trading debacle on Black Monday still stalks me in my nightmares.
- March 24, 2003 | The Bottom Line
- Safe Is the New Risky
Blue chips—once considered safe havens for widows and other risk-averse investors—are not just battered, they’re down for the count. Blame it on the demise of balance-sheet magic.
- March 10, 2003 | The Bottom Line
- End Game
Merrill Lynch and Salomon Brothers beat the prosecutors’ wrath. Will Credit Suisse First Boston be as lucky—or will it have to sacrifice one of its own to appease the government?
- February 17, 2003 | The Bottom Line
- The Waiting Game
Wartime isn’t the worst thing for the market—the uncertainty leading up to it is. Which is why sometimes it pays not to wait before jumping back into stocks (but only in certain sectors).
- January 20, 2003 | The Bottom Line
- A Crime That Paid
While the Feds torment small-time pump-and-dumpers like Tokyo Joe Park, the big-time dumpers—like Global Crossing's Winnick and WorldCom's Ebbers—are totally in the clear.
- January 6, 2003 | The Bottom Line
- Lies My Broker Told Me
Some on Wall Street seem to think that the mission is to restore investor stupidity. But the markets won't come back until investor trust is restored -- a much tougher job.