Matters Financial

October 2002


Euro Proves Its Value
The euro has a rocky start when it was launched back in 2001, dropping around 14% in value against the US dollar in the first year or so of its existence. Since then, it has recovered to the point where it is more popular in Russia than the buck among those who fear holding rubles -- most of the people. Indeed, it is almost as popular as the currency it replaced, the D-mark, in what can only be described as a giant step sideways. Click here to read more.

The Fall of Martha Steward
It certainly looks like Martha Stewart is going to spend a little time in jail for insider trading. The SEC, FBI and others appear to have caught her with her hand in the ImClone cookie jar, and her broker's assistant is singing to avoid trouble himself. She's even been forced to resign from the New York Stock Exchange board. If the charges are true, we couldn't be happier. Click here to read more.

Excessive Despair?
"Wall Street had another down day," appears to be the headline each and every night on the evening news. Indeed, the Dow(n) Jones Industrial Average is off around 40% from its all-time high. Where is the bottom? Shrewd investors don't much care, but that's not many of us. Click here for our view.