Lingering economic and political uncertainty
- Tags:
- Finance,
- Financial Accounting,
- Investment,
- Morgan Stanley,
- Operational Accounting,
- Sales,
- Sales Strategy
- Source:
- Morgan Stanley Dean Witter & Co.
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Overview: The case study shows that during the 12-month period ended November 30, 2002, the U. S. stock markets exhibited a high degree of volatility as economic and political uncertainty lingered. The war on terror, corporate scandals, high unemployment rate and heavy debt levels hindered economic recovery. In addition, the market was missing signs of strength in earnings and revenue streams. However, strength in the economy was apparent in the housing market, with booming sales and increased refinancing activity. Declining mortgage rates made housing more affordable as rising home prices gave consumers more confidence to spend money. Late in the period the markets rebounded from their October lows as investors began to expect an improved economy and sustainable earnings growth
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Format: PDF | Size: 194KB | Date: Jan 2003 | Pages: 32
