THE MARKETS The flood of earnings announcements released last week did little to clarify the present state of the economy, and more importantly the future direction of the equity markets. Less-than-stellar results from Exxon-Mobil, AOL Time Warner, AT&T, JDS Uniphase, WorldCom, and Verisign set the tone for moderate declines in all three major indexes.
THE MARKETS An already erratic market was besieged with negative headlines all week as mid-east tensions, accounting irregularities and earning warnings permeated the scene. The big news for the week was the Dow’s explosive move on Tuesday, which saw the index soar over 200 points to close at 10301.32. But has been the case of [...]