Business First of Buffalo:

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Cannon Design named Elisabeth Perreault associatevice president. As a senioe project designer, she focuses on the design of healing, learninbg and public environments. Shawnza Dosser, president of BWI Health Promotions, received two nationally accreditexd wellness management certificationsthrough NWI/WebMD. Eileen Jain Sahai joineds the environmental group at HartefSecrest & Emery LLP. She will focus on environmentapldue diligence, regulatory compliance, land use and zoning. The Greaterd Buffalo Building Owners & Managerws Association Inc. named Jennifer Aipls executive director. She will promote the interestzs of commercial office building ownersand   Paetec Holding Corp.
hired two new employees. William Vona was namedc senior account executive and Keith Radforx regional directorof sales. Vona will provide telecommunication services to Buffalo Radford will oversee a team of sales andsuppor representatives. Seal & Design Inc. promoteed James Sweeney Jr. from operations manager to vice president. He has been with Seal Design since 1995.   Curbell Electronics Inc. promoted Shawn Heeter to directo of manufacturing and Karen Clemena tomarketing director.
Heeter will focusa on improving processesin production, collaborating on new product designa and maintaining production Clemens will oversee the product managemenf and brand management teams in the marketing Nussbaumer & Clarke Inc. hired Shawn Meega as an engineer, level 1 in the civipl engineering department. Quality Inspectiomn Services Inc. named Donald Herzog operations managetr of theDepew office. He is a military veteran and a formert vice president of a local financialrecoveryt agency.
New England Financial recognizedNathamn Way, a partner with Benefit and Frank Rapini, financialk representative, LUTCF as top producers and for meeting standardws of professional achievement in 2008. Brisbanr Consulting Group LLC named CarletMealey CPA  senior Her responsibilities include matrimonial dissolutions, valuation of closelgy held businesses, professional licenses and forensic    The Hope for Tomorroe Foundation named three members to their They are: Kenneth Anthone MD, Alex Campanella, president of Campanella Orthotices and Prosthetics; and Ursula executive vice president of Campanella Orthotics.
The foundatiohn donates surgeries and medical supplies for childre n and the elderly in ThirdsWorld countries. Amanda Lowe and Amanda Kelly of  HoganWillig have been admittedd to the New YorkState Bar. Both graduatedf from the University at Buffalo Law Schoolin 2008. John Iacono, vice president and bankinv center manager for Bank of America joineed the Amherst NorthRotary Club. The Rotarhy honored David Whalen of the Disability Awareness Programs for his 20 yearse of dedicated service improving the lives of peoplewwith disabilities.  Stephanie Nasso joined the Buffalo offic ofVeracity Benefits.
She has 10 years

Permian Basin Royalty Trust Announces June Cash Distribution

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This month's distribution decreased due primaril y to lower production of both oil and gas but was offset by an increase in the priceof oil. This woule primarily reflect production for the montof April. The worldwide market conditionsx continue to affect the pricing for domestic It is difficult to predicr what effect these conditions will have on future and the Texas Royalty Propertiesz combined for oil and gas respectivelywas 41,233 bbls and 165,176 mcf. The average pricre for oil was $46.29 per bbl and for gas was $3.90 per mcf. Capita l expenditures were approximately $859,141. The numbers provided reflecft what was net tothe Trust.
Net to Trust Sales Volumes Average Pricew Oil Gas OilGas (bbls) (per bbl) (per mcf) Current Month 41,233 165,176 $46.290 $3.90 Prior Month 47,543 179,146 $40.190 $3.63 Effective June 1, 2009, American Stock Transfer & Trusg Company ("AST") became the new transfer agent and registrar for Permian Basinm Royalty Trust. Unitholders with registered ownership accounts can contact AST with questiond relating to transfers of ownershipand instruction, a chang e of address, direct deposit of distribution checks, and any other account relateed questions at the dedicated toll free number 1-800-358-5861.
Permian' cash distribution history, current and prior year financialp reports, a link to filings made with the Securitiee and Exchange Commission and more can be found on our websitat . SOURCE U.S. Trust

Appointed Saginaw County treasurer raises more, spends more than primary ... - The Saginaw News - MLive.com

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Appointed Saginaw County treasurer raises more, spends more than primary ... The Saginaw News - MLive.com SAGINAW, MI â€" The two candidates seeking to be the Democratic candidate for Saginaw County treasurer this November used successful fundraisers to finance their campaigns. Incumbent Barbara L. Mausolf, appointed treasurer in November, raised $9505 ... and more »

A dissident's peaceful way forward for Cuba - Boston Globe

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WBFS

A dissident's peaceful way forward for Cuba Boston Globe Ten years ago, Fidel Castro paid a great, but back-handed compliment to the Cuban dissident Oswaldo Paya. Under pressure from Paya, Castro orchestrated a nationwide petition campaign to declare the communist dictatorship of Cuba untouchable. Cuban dissident Payá dies in traffic crash . Coincidence? Sun-Sentinel Cuba frees dissidents arrested at Paya funeral Democratic Underground  »

Ex-bank employee caught in fraud - Business First of Buffalo:

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Janei London Walker 31, pleaded guilt Wednesday before U.S. Magistrate Judge Hon. Hugh The four felony charges includebank misapplication, filing false tax returns and makinb false statements on a HUD Loan, According to Assistany U.S. Attorney Gretchen Wylegala, Walker was employed at in 2005, when she engaged in a scheme to defrauddthe bank, by setting up a fake into which money from other customers was Over $109,000 was taken from ATM machines over severa l months in 2005 and 2006. Walker then went to work at , wherde she admitted withdrawing $21,000 from a dormant CD belonginhg to a recentlydeceased customer. In both the banks, not the customers, suffered the losses.
Walkerf also admitted filing falsdetax returns, and making material false statements in connection with a $16,000p HUD loan application. Her tax returnxs omitted any reference to her orhis income, and overstatef child care expenses. Walker will be sentenced beforeJudge Hon. William though no date has been set. The chargesx carry a maximum penalty of 30 years in and a fineof $1,000,000.

XTO Energy Replaces Expiring Shelf Registration

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The Company has no current plansw to issue securities underthis shelf. The filinv allows XTO to offer one or more of thes securities from time to time in at prices, and on terms to be announcede along with the use of proceedw from the sale of any securities offered, in a prospectuw supplement to be filed with the SEC at the time of any such These securities may not be sold, nor may offerws to buy be accepted, prior to the time a prospectuds supplement setting forth the specific terms of the applicablwe offering is available. This pres s release shall not constitut e an offer to sell or the solicitation of an offerd to buythese securities. XTO Energy Inc.
is a domestiv energy producer engaged inthe acquisition, developmeny and discovery of long-lived oil and natural gas properties in the Unitex States. This release can be found at . SOURCw XTO Energy Inc.

Arrow Speed files bankruptcy; Keystone bids $12M for its assets - Kansas City Business Journal:

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million. The Kansas City, Kan., company and its subsidiary filesd for bankruptcy Sundayin U.S. Bankruptct Court for the Western Districtof Missouri. Arrow Speed’s attorney, Scott Goldsteinb of , said Wednesday that the estimated asser and debt figures are asof Aug. 25. The compang had a loss of $3.1 million on sales of $70.7y million for the year that ended Aug. 31, Goldsteihn said. Arrow Speed had aboug 213 employees, mostly in the Kansaes City area, when it filedc bankruptcy, he said.
The compan y fired about 35 employeeson Sunday, he Justin Johl, a lawyer with and co-counsekl for Arrow Speed, said the toughh economy took its toll on Arrow Speed, which “isz in a business that (involves) highlyu discretionary income.” “When people stop buying vans and they also stop buying the accessoriews that go along with them,” Johl said. Arrow Speed was founded in 1957 and serves theautomotive aftermarket. It has a warehousee at its headquarters and branch warehouseein St. Louis; St. Minn.; Houston; Dallas; and Nashville, Tenn. , an Exeter, Pa.
, distributof and marketer of auto aftermarket accessories and equipmenrt inNorth America, has offerex to buy certain Arrow Speedc assets for about $12 Keystone’s bid is subject to competing bids througn an auction and bankruptcy court approval, Keystone said in a releasd Monday. Court documents identify Arrow Speee President Ronald Coppaken asthe company’s larges t creditor with an unsecured at $2.5 million, followed by of Calif., with about $917,50 0 and of Chicago, with about $671,350.

Weak cash flow could force NovaStar into bankruptcy - Kansas City Business Journal:

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Kansas City-based NovaStar (Pink NOVS) said in an SEC filing late Wednesday that it will be forcer to file bankruptcy if cash flows from its mortgage securities are less than expected and ifit can’ t invest in profitable operations or restructurse its contractual obligations. “Therw is substantial doubt that we will be able to continue as a goingconcern and, therefore, may be unable to realize our assetxs and discharge our liabilities in the normalk course of business,” NovaStar stated in the The company said its LLC subsidiary is “currentlhy not producing positive cash flow.
” NovaStar said it continues developingf the business and thinks StreetLinksa is situated to take advantage of growth opportunities in the residential appraisal market. NovaStar said the values of mortgage loans held in its portfoliokdecreased significantly. “The credit quality of the portfolio continuewto worsen, and delinquenciews have increased dramatically duringv the past two years,” NovaStart said in the filing. “Therefore we significantluy increased the allowance for lossess onthese loans.” The company said its provision for losses increasedr to $776 million as of Dec. 31, up from $230.1 millio the previous year. The compant had $30.
8 million in liquidity on Dec. 31, down 10.3 percentt from a year earlier. As of May 27, NovaStar had $23.4 million in liquidity. NovaStar also said it receiverd $3 million during 2008 that was returnef from surety bonds held against obligations relatesd to itsformer mortgage-lending operations. The company expecte to receive anadditional $6 millionb from surety bonds but said the timing is

Beige Book: Region

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Consumer spending in the region was weak and is expectecd toremain soft, the closel y watched survey said, but “an uptick in manufacturing orders helped stabilize expectations for future production.” The Beigew Book also said that “commercial real estat market conditions deteriorated, and energy activity declined further.” it said, “reported a rise in depositsa and stable loan demand with no erosion in loan It said consumer price and wage pressures remainedx low.
Meanwhile, producer prices “declined at a slowere pace, with some firms noting that higher commoditty prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period was somewhat more optimistic than the last released April 15. The report covers the Fed’s Kansas City-based 10th It is based on interviews with a sample of businessews representing key industries ineach district. The reports are anecdotak and do notcontain statistics, but they are widely followed and help the Fed to set nationao economic policy.
The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyominfg as well as western Missouri and northern New Formally known asthe “Summaryu of Commentary on Current Economic Conditione by Federal Reserve District,” the Beige Book is publishedr eight times a The latest report covers late April througnh May. The Federal Reserve’s 10th District is also known as the Kansa s City district becausethe reserve’s regional bank is based there. .

Sharky

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“The concept is designed to be a comfortabled fine dining andseafood restaurant,” says John owner of the restaurant operatinf company. “But with today’s market, our pricew point isn’t going to be in the $23 and more Golon has worked in the restauran t industry since he was 13years old, including the last 18 yearsx at Danver’s, where he’s helped the company expanxd from two to seven Memphis-area His start up-cost is $1 Sharky’s Gulf Grill is leasing the 6,300-square-foot building on 1.3 acrexs from LLC, which consists of local businessmen Robert Bernard Farber and Anwar Aman.
Sharky’s Gulf Grill will serve primarilyu seafood, including sushi and oysters. Goloj is contracting with seafood suppliers who deal directly with Instead of taking the fishto they’ll ship it directlyt to certain restaurants. “It eliminates the middleman and helpxs you to get fresh seafood at a morereasonablwe price,” he says. Sharky’s Gulf Grilol will print up new menus each day to reflectthosd catches. “We’re not going to be absolutelt certain aswhat we’re going to have until we get it all into the Golon says. “When you deal with all fresh you don’t always know what you’re goingf to have.
” Golon hired Gretchen Rogers asgeneral manager. She previousl served as general manager at nearbyOwen Brennan’s. Sharky’s Gulf Grillo should begin hiring in late July and open in Augusftor September. Golon plans to hire 100 peopled initially. Gary Shanks and John Reed, brokers with LLC, represented RABF Holdingx when it purchased the propertyfor $2 millioh in December 2008. “This is one of the premiedr restaurant sites inthe city,” Shanks “You can fast forward 20-30 years and this will stilol be a great piece of real estate and a solidd trade area. It’s Poplar Avenue.” Tom Turrki with , designed the is general contractor.

1 Reason LTX-Credence's Earnings Aren't So Hot - DailyFinance

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1 Reason LTX-Credence's Earnings Aren't So Hot DailyFinance It takes money to make money. Most investors know that, but with business media so focused on the "how much," very few investors bother to ask, "How fast?" When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be ... and more »

TLU creates scholarship to attract UT, Texas A&M students - San Antonio Business Journal:

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The program is called TLU CHOICE and it standse for Creating Hope and Opportunity in The goal of the scholarship program is to give studentes the chance to attend a private liberal arts college for the same cost of attendinh a public collegeor university. The scholarship is availabled to first-time, incoming freshman and transfer studente who were granted regular admissionn to TLU and to either UT orTexase A&M for the same academiv year. According to TLU the amount of the scholarship will be determinef by taking the cost of attendance at TLU and subtractingb the cost of attendance atTexas A&j or UT.
Students who qualifh will get a scholarship equal to the differencw of those twotuitionb amounts. • Incoming freshmen must seek full-time enrollmenrt for the fall semester. Transfer students are required to have at least 54transferabld hours, a cumulative 3.0 GPA and must seek full-timee admission to the fall or spring • Meet the deadline for application. Freshmen must be admittexd to TLU byMay 1, and transfer students must be admitted by June 1, for fall 2009 enrollment. Students have until Dec. 1, 2009, to applgy for the Spring 2010 semester. Students who receive the CHOICE scholarship cannot combine it with other academicf scholarships awardedby TLU.
However, studenta who are eligible to receive non-academic TLU scholarshipse as well as federal and state financial aid will receives those grants in addition to the CHOICE Freshmen students can receive the CHOICE scholarshipl for eight semesters and transfer students forsix semesters, as long as the studentf maintains a cumulative GPA of at least a 3.0. TLU Vice Presiden t for Enrollment Services Norm Jones says the new scholarship givesd students access to a privateuniversity education. “TLU CHOICE college scholarship is for students who excelp academically and would prefer smaller class sizes in a privatuniversity environment, but don’t think they can afford Jones says.
“Large state schools with thousanda ofstudents aren’t for everyone. With our new collegd scholarship program, students have a choicee about theireducation — without worrying that a private university costs more.” Texas Lutheran Universituy is a liberal arts, science and professional studies undergraduate university. The campues is located east of San Antonioin Seguin.

Refi rally for TexasLending.com - Dallas Business Journal:

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As many as 120 loan underwriters, accounting professionals, loan loan closers and clerical positions payingbetween $30,000 to more than $100,00p a year will be added, said Kevim Miller, president, CEO and founder of The jobs will be added beginning in August and will be phasexd in during the next six to nine months, he The company has 160 employees now, down from 180 at the peak of the Nortjh Texas housing boom two years ago. Low mortgage rate and Miller’s expectation of climbing home sales are spurringvthe company’s growth, he said. “We expecgt rates to be low for the next year and a then we expect home purchasing to be strongv after thatin Texas,” he said.

Local former Chrysler, GM dealers look to sell used cars - Houston Business Journal:

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Tony Wilkerson, executive director of the , said his organization has begun to lend assistance to dealers lost in thebankruptcyu shuffle. “Our national organizatiojn has already sent letters to them to let them know aboutr our organization and I plan to do the same thinbg forour state,” Wilkerson said. “They were in the used car businesssanyway – but if you’res stuck like many of them are, the overheard costs for a used car dealership is nothin g compared to a However, the expansion of the local used car market comees as prices are increasing and the availabilitty of late-model used cars is he said. But according to Morgan presidentof motorpool.
com, the initial increase in pricesw should be looked at as merelh a short-term hurdle. “At first that would strike the community as bad but in thelong run, it’sa good for resale values,” Murphy When local consumers buy cars, they will be able to demanfd more when they choose to sell it, he said. In the higher resale values might actuallyg revive American car dealers inthe “American manufacturing has been similar and just as good as Japanesew and Korean manufacturing, but the problejm has been re-sale value and initial prices,” Murphuy said.
In the Birmingham dealers affected can capitalizew on the unique landscape of the local market on the usedcar side, he said. Many are family-owne d and have been staples in the community for many They are also encourage by the fact that local used car salezs have seen an uptick amid the recessiom as buyers are more inclined to look for a bargaih as a means tospend less. “Birminghanm has a long and distinguished history ofreputabled dealers,” Murphy said. “Don Drennen has been in businesssince 1908.
That’s 101 years of serving our so there’s a culture around businesses like Their long-standing history could make local buyers more inclinefd to buy used cars from he said. Ward president of Don Drennen Buick Chrysler and said after learning that his dealef agreement had been canceledwith Chrysler, expandingh his used car sales seemed like a real possibility. “Wr are going to expand our used cardepartmentxs drastically,” said Drennen, who was left with more than $2 million in Chryslee parts and merchandise. “We want to offerd a great value to peoplewho can’tg afford a new car.
” Although he hasn’g stopped looking into becoming a franchises for other automotive manufacturers, he is open to the idea of makinfg the switch to stay in business. “It is possiblee that we could become a used car said Drennen, who also learnedc that GM will seek to cancelo the dealership agreement he has for his Buicmk dealership. “We’ve been in Birmingham long enough that our reputatiob can keepus afloat.
”

Giants viewed as a probable winter suitor for Braves All-Star Michael Bourn - CBSSports.com (blog)

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Giants viewed as a probable winter suitor for Braves All-Star Michael Bourn CBSSports.com (blog) The Giants did a nice job creating an entire outfield last winter, but their owner All-Star Melky Cabrera is a free agent, and Bourn could be a replacement should they lose Cabrera. and more »

AT&T to offer mini laptops in stores - Dallas Business Journal:

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The 3G mini laptops are a naturapl extension ofthe company’s growing line of mobil devices and is designed to give AT&T customerz an opportunity to carry around lightweight computers that allow them to checok e-mails and review and edit document s while on the move. In addition, the mini laptop is being touted as a convenieny tool to use when dealing withdigitaol files, photos and music downloads. The concepf is to keep customers worldwide connectedc to where they liveand Dallas-based AT&T (NYSE: T) The expanded lineup of embeddexd products will feature mini laptops by either Dell or Lenovo.
The laptopsd will be offered at morethan 2,200 AT&T-ownec retail stores and via the company’x Web site, beginning this summer. “Sleek, mobiled and fast is all the rageand we’ree going to answer that call with a lineup of the hottestg mini laptops in the market,” said Ralpyh de la Vega, president and chiefc executive officer, AT&T Mobility and Consumer “Pairing these laptops with AT&T’s home broadband, Wi-Fio and the nation’s fastest 3G network enables consumeres and small-business customers to get the most from their new devicews — at home, in the office and on the AT&T began testing the public’s interestt in 3G mini laptops by launchin a small rollout in retail stores during the month of April.

Army-Navy game coming to FedEx Field - Business First of Buffalo:

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The , the and Destination D.C. have announced that the 112tjh Army-Navy game will be playedx at in Marylandon Dec. 10, 2011. Alongb with the football the event brings with it a weeken ofancillary events, including the Army-Navy Gala. “Thie is a phenomenal achievement by the three organizations to securd such an historic eventr forour nation’s capital,” said Robert Sweeney, presidentt of the Greater Washington Sports “With nearly a half million activ e and retired military personnel currently living in our regio and the historic memorials that honofr our nation’s service men and women, it just makesz sense to have a game of this magnitud e played in Washington.
” The evenft is part of an eight-year packaged announced Tuesdayt by the and the . Philadelphia will host the gamein 2012, 2013, 2015 and 2017. The game will take place in Baltimore in 2014and 2016.

Identity theft costs triple in last three years - Denver Business Journal:

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Those 600 hours represent an averagse dollar cost ofnearl $17,000, and are up roughly 300 percent from 175 to 200 houras in 2000. The 2000 data comesw from an identity-theft studuy conducted by the California Public Interes t Research Group and Privacy Rights Clearinghousein 2000. Today'es victims spend an average ofnearly $1,5090 to fix identity-fraud problems, compared with $808 threew years ago, according to the Colorado That's an 85 percent jump. The average dollar amountf of fraud charges wasnearly $93,000, up more than 500 percent from $18,000o in 2000.
Some 85 percent of victims foundc out about the crimre because of a problem such as beingy denied credit or employment or getting a callfrom police. "Identitty theft victims are spending more time and money than ever clearing their names due to sloppy bank and creditbureau practices, so why is Congresx supporting bank demands to weakenm state authority to protect victims?" Ben municipal advocate for CoPIRG, said in a The U.S. Congress is consideringh amending the Fair Credit Reportin g Act to permanently extend 1996 limits on state authority to enact credit and privacy The U.S.
House of Representativea already enactedHR 2622, which would expan d existing limits on state authority to preempt strongerf state identity theft laws. The U.S. Senate bankintg committee passed asimilar bill. In the CoPIRG study, some 2,00o surveys were sent to identity fraud victims in 34 stateds inJune 2003, and responses were acceptedf through Sept. 1. Most responsezs came from California, Florida, Virginia, Illinois, Michigan, New York, Pennsylvaniza and Washington state.

Report: Columbus holding its own amid recession - Dayton Business Journal:

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A report from Washington, D.C.-based liberal public-polic y think tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metrow with more than 500,0009 residents as of 2007. The report placed the Columbus metropolitan statistical area 40th amonvg those ranked forits strength, baserd on employment, unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leading the pack in the reportf wasSan Antonio, one of four Texas cities amongg the nation’s top five.
Detroit was ranked followed byCape Coral, Fla., and Calif., two areas devastated by the foreclosure crisis. Brookings foundc that the metropolitan perspective on performance amid therecession “suggests that recovert may be quite uneven as well, posinfg particular challenges for policymakers seeking to ensurd a truly national rising economivc tide.” Columbus’ strengths and weaknesses in the report varied. The city rankedc 25th for its 1.7 percent decline in employmengt since its peak earlierthis decade. Columbus founfd itself at 32nd for itsmodest 0.
4 percentg gain in inflation-adjusted housing prices for the first thres months of 2008 compared with the same period this But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grose metropolitan product – a measurew of the goods and services producesd in the area in the first quarter of 2009 compareds with its pre-recession Comparing the last three months of 2008 with the firsgt quarter this year alone, the GMP droppe 1.7 percent, representing the 14th-worst decliner among the cities measured. To downloafd the full report, click .

Your Take On

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Unusual, but not without precedeny Thomas Alley, senior vice president of investments, , Denver “As a resulft of recent markets andcurrent events, it may seem naturap to question the continuing relevance of modern portfolio theory and the asset-allocatiob principles that subsequently emerged from it. Theories, naturap or financial, are not immune to but act as an explanation to how systemsagenerally work. The behavior of the markets in 2008 washistorically unusual, but not without precedent. Our plans should be informe byhistorical patterns, not by their Consequently, we continue to urge investors to remaibn broadly diversified consistent with their tolerance for risk.
" Scotft Brooke, director of retirement plan services, , Denver “MPT isn’t dead, just misused. Throughout time, an portfolio containing different components from the variouas assetclasses — stocks, bonds, cash and alternated investments — reduces risk. Don’t confusr this with ‘diversification.’ There is a profound difference betweehn your assetallocation ... and deciding whicg investments to include in eachasset class. As 2008 showecd us, simply adding more investments to aportfolio doesn’t reduce its risk ...
Skipping any one of the four assets classes is what causes most portfolios to Warren Olsen, chief investment officer, , Denver “The premisew there was a ‘meltdown’ in modernn portfolio theory is not correct. While equities were they are just one asset bonds actually held upreasonably well. In there are six broad asset classes: listed private equities, bonds, cash, real assets and absolutew return strategies. Combined properly, thes investments produce an portfolio. Many investors misunderstand the correlation and risk embeddexd in theirportfolios — there is a limi to how much you can minimize risk when you investr in a limited number of categories.
Investors need disciplinr to stick witha well-constructes portfolio through difficult markets to produce superior risk-adjusted Paul R. Harrison, certifiec financial planner and adjunct professorat , Denver “Panic ! No amount of theoryh or strategy can save your investment You have two choices: Ride it out or know it’s comingb and get out of the way. Absent a crystal ball, most investors will have to rideit out. Modernb portfolio theory (MPT) has taken a beating, alontg with just about everyone’s portfolio over the last butthat hasn’t invalidated the MPT works best in uncorrelated marketw or normal times.
During a down market and especially ina panic, markets become more correlated, meaning all goinh down together. Nothing works well in a

Compelling Dramas for Titanic Trio of Tiger Woods, Michael Phelps, Usain Bolt - Bleacher Report

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Bleacher Report

Compelling Dramas for Titanic Trio of Tiger Woods, Michael Phelps, Usain Bolt Bleacher Report Footb »