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September 19, 2002 - Image 13

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Publication:
The Michigan Daily, 2002-09-19

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14B - The Michigan Daily - Weekend Magazine - Thursday, September 19, 2002
A guide to who's where, Thursday, Sept.19
what's happening and why throuah
you need to be there ... Wednesday pt. 25
Films opening

The Michigan Daily - Weekend Magazine - Thur

Ballistic: Ecks vs. Sever Sweet title
guys. Is it supposed to be this bad?
Showcase: 1:10, 1:40, 3:15, 3:45,
5:20, 5:50, 7:40, 8:10, 9:50, 10:20,
11:55 (Fri. and Sat.), 12:25 (Fri. and
Sat.).
The Banger Sisters If I didn't know bet-
ter, I would really expect to see this
playing in the red light district. At
Showcase: 12:50, 3:20, 5:30, 7:40,
9:50 12:05 (Fri. and Sat.)
Films I
Austin Powers in Goldmember
Michael Caine's finest hour. At
Showcase: 12:40, 3:00, 5:05, 7:05,
9:15, 11:10 (Fri. and Sat.).
Barbershop I've seen funnier vomit.
Although the vomit hasn't made as
much money. At Showcase: 1:30,
2:45, 3:15, 4:00, 5:00, 5:30, 6:45,
7:15, 7:45, 9:00, 9:30, 10:00,
11:15, 11:45, 12:15 (Fri. and Sat.).
City By The Sea Did you guys see
"Heat"? Wasn't that cool? At
Showcase: 1:50, 4:30, 6:50, 9:10,
11:35 (Fri. and Sat.).
Fear Dot Corn I guess they couldn't
wrestle the real fear.com away from
whatever heavy hitters own it. At
Showcase: 3:35, 5:45, 10:25, 12:30
(Fri. and Sat.).
Lilo & Stitch Why are they even
bothering? At Showcase: 12:30.
My Big Fat Greek Wedding
Apparently the TV show will replace
"fat" with "loud." They claim con-
tractual problems, but we all know
the score. Showcase: 1:05, 3:05,
5:10, 7:10, 9:20, 11:20 (Fri. and
Sat.)
One Hour Photo Don't you hate it
when you go to the one hour photo

The Four Feathers Great,
Australians. At Showcase:
1:45, 4:10, 4:40, 7:00, 7:30,
10:10, 12:20 (Fri. and Sat.).

more
1:15,
9:40,

h

Trapped Some unlucky reviewer is
going to be trapped watching
Charlize and Kevin waste time and
money. At Showcase: 1:25, 1:55,
4:15, 4:45, 7:20, 7:50, 9:45,
10:15, 12:00 (Fri. and Sat.), 12:30
(Fri. and Sat.).
olding
place, and when you ask for your film in
an hour they look at you like something
they scraped off their shoes. At
Showcase: 12:45, 3:10, 5:15, 7:35,
9:45, 11:50 (Fri. and Sat.).
Road To Perdition The machine gun
scene was better than the rest of
the movie put together. At
Showcase: 8:05, 10:25, 12:35 (Fri.
and Sat.).
Signs M Night's latest deals with
disillusionment and faith. Shocker.
At Showcase: 1:45, 4:25, 6:40,
9:05, 11:30 (Fri. and Sat.).
Spy Kids 2: Island of Lost Dreams
Robert, guns = good. Kids = bad.
At Showcase: 1:25, 3:30, 5:35.
Stealing Harvard It's the "Where's
my dinner bitch commemorative
statue!" At Showcase: 1:20, 3:35,
5:25, 7:25, 9:25, 11:25.
Swimfan Wow, I've never heard of a film
where a girl goes psycho and tries to ruin
a guy's life. At Showcase: 1:30, 3:40,
5:40, 8:00, 9:55, 11:40 (Fri. and Sat.).
XXX How could he have turned down
the "Fast and the Furious" sequel but
accepted the "Pitch Black" one. At
Showcase: 1:35, 4:20, 6:55, 9:35,
12:10 (Fri. and Sat.).

SHOUL
Experts caution students
that diversification is key
i
n a tmultns mrket

courtesy of Miramax

Must ... stop ... Kevin Bacon from making more movies.

Thursday
BOOKS
John Fulton Reads Fulton, author of
"Retribution," reads from his new
novel "More Than Enough." 8 p.m.
Shaman Drum Bookshop, 315 S.
State. Free. 662-7407.
CAMPUS CINEMA
The Piano Teacher Michigan Theater.
7 &9:30 p.m.
The Good Girl Michigan Theater. 7:15
& 9:15 p.m.
One Hour Photo State Theater. 7 & 9
p.m.
24 Hour Party People State Theater.
9:15 p.m.
My Big Fat Greek Wedding State
Theater. 7:15 p.m.
MUSIC
Greenstreet My street isn't green, but
it smells like it. Blind Pig, 208 S. First
St., 10 p.m. $6 ($8 under 21). 996-
8588.
The Ron Brooks Trio So jazzy it hurts.
No seriously, excruciating. Bird of
Paradise, 312 S. Main St., 9 p.m. $5.
662-8310.
The Balduck Mountain Ramblers
Ramblin' Celtic-Folk Overlords named
after the greatest sledding hill in
Metro Detroit. Rock on Mr. T. Conor
O'Neill's, 318 S. Main Street. Free.
665-2968.
THEA TER
Defying Gravity A space shuttle astro-
naut, her daughter, and Clause Monet
are intricately woven into this new

play by Jane Anderson. Defying
Gravity is a theatrical look at
mankind's heroic attempt to tran-
scend its earthly bounds. 8 p.m.,
Performance Network, 120 E. Huron,
$22.50, $19 for seniors; 663-0681.
A LTERNA TIVES
New York Observed: The Mythology
of the City This exhibit, located in
the West Gallery, features a variety
of different photographers portray
the transformation of New York
from colonial outpost to teeming
metropolis. Museum of Art, 525 S.
State, Free. 764-0395.
Ansel Adams: A Centennial Celebration
This exhibit, located in the Box Gallery,
was created in observance of the
100th anniversary of the birth of Ansel
Adams, a master of photography.
Museum of Art, 5235 S. State. Free.
764-0395.
Friday
BOOKS
U-M Visiting Writers Series Phillip
Lopate - movie critic, poet, novelist,
essayist and travel writer - reads. 5
p.m. U-M Museum of Art, 525 S.
State. Free. 615-3710.
Jim Brandstatter Reads The co-host of
Michigan Replay reads from and signs
copies of his new book "Tales from
Michigan Stadium." 7 p.m. Nicola's
Books, 2513 Jackson. Free. 662-
4110.
Espresso Royale Open Mic Share and
enjoy your poetry, music and creativi-
ty with us! 7 p.m. Espresso Royale
Cafe, 324 S. State St. Free.
662-2770.
CAMPUS CINEMA

One Hour Photo State Theater. 7:15 &
9:15.
The Good Girl State Theater. 7 & 9
p.m.
The Piano Teacher Michigan Theater.
7 & 9:30 p.m.
Notorious C.H.O. Michigan Theater
7:15 & 9:15 p.m.
MUSIC
SmokeStack Why won't the Surgeon
General do something about these
guys? Blind Pig, 208 S. First St., 10
p.m. $6 ($8 under 21) 996-8588.
The Astral Project I don't like bands
with names that sound like homework
or bits of X-files trivia. Bird of
Paradise, 312 S. Main St., 9 p.m. $5.
662-8310.
The RFD Boys If we had time we'd
make up something fun for those let-
ters to stand for. DAMN YOU DEAD-
LINE! The Ark, 36 S. Main St. 8 p.m.
$10 ($9 stu"sen). 761 1451.
THEA TER
Defying Gravity See Thursday, 8 p.m.,
$27.50. ($24 for seniors).
Hubbard Street Dance Chicago During its
24-year history, HSDC has emerged as an
innovative force in contemporary dance.
8 p.m., Power Center for the Performing
Arts, 121 Fletcher Street, $18-40;
764-2534.
ALTERNATIVES
New York Observed: The Mythology
of the City See Thursday.
Ansel Adams: A Centennial
Celebration See Thursday.
Gallery talk by Hunter O'Reilly, Ph.D.
7 p.m. Reception follows at 8 p.m.
University of Michigan Life Sciences,
Values and Society Program. 936-2575.
Art and Architecture Building.
2000 Bonisteel Blvd.

BY TED BORDEN
DAILY STAFF REPORTER
The college years are typically a time when
students begin mulling future employment
prospects and, in many cases, investing money
for future savings. But in a year when the stock
market has been altered by terrorist attacks
and corporate corruption and investors have
seen retirement funds and nest eggs crumble,
experts advise students to use a great deal of
caution in investing money, if they invest at
all.
"These are scary times, and it also turns out,
perhaps, good times for investing," said
Finance Professor Nejat Seyhun. "I would not
recommend staying away from the market ...
everyone should be in the market to some
extent, especially at this time."
Business School Finance Chair Anjan
Thakor stated that investing is a good idea for
college students, given it is for the long run.
1he fiwgun fzla
Editors:
Caitlin Nish,
"Taor- a be
M AG AZ IN E
Writers: Ted Borden, David Enders,
Neal Pais, Rebecca Ramsey, Lauren
Smith and Todd Weiser
Photo Editor: David Katz
Photographers: Tony Ding, Emma
Fosdick, Danny Moloshok and Frank
Payne
Cover Photo: Danny Moloshok
Arts Editors: Luke Smith, Manaing
Editor, Jeff Dickerson, Associate Editor
Editor in Chief: Jon Schwartz

"The long run means you have no need to
liquidate your portfolio for urgent and
unavoidable expenses for at least 10 years and
diversification is a necessary precaution."
Seyhun shared the same sentiment. "College
students can best afford to ride out ups and
downs of the market
over a long holding
period," he said.
He also noted that
research shows one of
the best times to put
money in the stock
market is after periods -
of large declines.
But as Jeff
Carnevale, MBA stu-
dent and vice presi-
dent of research for
the University Finance
Club, pointed out,
"We may be nowhere
near any sort of bot-
tom. Markets bottom
in 10 to 15 years, not
two or three.
Valuations are also
nowhere near the lev-
els where previous
market bottoms have"
occurred."
He added, "You
may find yourself
waiting for years, if
not decades, trying to
gain ground or even
recoup your initial Traders on the floor of theI
investment. There Tuesday.
have been times throughout history where the
stock market has done absolutely nothing for
decades."
Carnevale said he felt the U.S. still has a
bear market and "one of the absolute worst
things you can do is to buy into a bear market
too soon."
On the other hand, Seyhun said he believed
"corporate insiders are beginning to turn bull-
ish."

But regardless of how the market is shaking
out, all three stated that if one does decide to
invest, diversification is key.
"You should allocate for funds across all
asset classes to achieve diversification and a
comfortable level of risk," Seyhun said.
"My philosophy is to hold a diversified
portfolio of assets and not take large bets on
any individual hot stocks, small companies or
blue chips," Thakor said.
Seyhun advised to "follow a strategy of bal-
ancing your portfolio periodically. Suppose
you will keep 60 percent in stocks and 40 per-
cent in bonds. If the stock market goes up a
lot, sell some stocks
to bring the fraction
back to 60 percent.
In the long run, you
will find this to be a
good rule to follow."
While he said he
was in favor of occa-
sionally purchasing
small stocks, he
added it is necessary
to think about the
long term.
"It is not OK to
jump in and out of
small stocks based
on rumors. It is also
not OK to chase
after winners. You
would not buy and
sell houses based on
rumors. You should
not do it for stocks
either."
Carnevale even
advised holding cash
for the time being.
"The winner in a
bear market is the
AP PHOTO one who loses the
New York Stock Exchange least and has the
most chips to play
with come the next bull market," he said.
Short-term government bonds are also a
good bet, he added.
Seyhun reminded that it is important to
compare stock price with the overall value of a
company.
"Assets whose stock prices are high relative
to fundamental value (say, book value) do not
do well in the future. Other signals such as
insider buying and selling also give us impor-

tant fundame:
performance,"
For those
consider is m
"Stock inv
through mutt
are not profe
said.
It is import
in foreign fir
"There are
are selling at
Just don't tr
own," he said
As for wh
warned again
is not familia
"The unini
cautious abo
options," he s
Carnevale
national firms
"Most of th
fer from slow
are so large; 1
said.
Day trading
1990s, is a ro
taking.
"It was a b
it and it still is
who do not ti
said.
And as Sey
front of a cor
reading price
lege students
their time. Ti
you.
Carnevale s
few will surv
out of money
really very g
going long or
Real-estate
ous news cov
three experts
While Thakoi
investment ma
pieces of rea
they "make s
money and do
future. If you
there are no p
but you do ha

Courtesy of 20th Century Fox
Goldle Hawn is looking pretty good for her age. I'm sure it's all natural.
Phone Numbers: Michigan Theater: 668-8397; Quality 16: 827-2837; Showcase: 973-8380;
State: 761-8667.
Showtimes are effective Friday through Thursday. Matinee times at State Theater are
effective for Saturday and Sunday only.

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