November 20, 2008
Stocks are still the place to be for the long haul, says Timothy Vick, senior vice-president of the Sanibel Captiva Trust Co., despite recent issues such as high oil prices and terrorist attacks.
Stock market gains propel luxury spending in China
Dai Yunping has never traveled very far from his home here. But next month, the baby-faced 27-year-old will indulge in a weeklong tour of Southeast Asia to the tune of $6,500. Upon his return, Dai plans to move out of his parents' home and buy his own apartment in the old French Concession area.
Investment Tech Down on 'Neutral' Rating
Shares of Investment Technology Group Inc., which provides stock-trading tools for financial institutions, fell Tuesday after a Banc of America Securities analyst initiated coverage with a "Neutral" rating.
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