Poor jobs report in May raises doubts about the health of the recovery, turning consumers and investors more cautious. This week’s thin slate of economic data is unlikely to ease the uncertainty.
With more than 85% of the vote counted Sunday, Pedro Passos Coelho of the center-right Social Democratic Party had 40%, compared with 28% for Prime Minister Jose Socrates of the Socialist Party, in balloting to determine who will lead Portugal through the difficult austerity under an international bailout.
Risk is a chance to win. Risky investment in stocks, business ventures, or even lottery tickets, offer many people the only hope of achieving their dreams and aspirations.
Call it a wave or a bubble, investors’ enthusiasm for LinkedIn’s recent IPO and the expected offerings of Facebook, Twitter, Groupon and other social-networking companies harkens back to the frenzy over dot-com start-ups in the late 1990s. Is it different this time?
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