In this Issue:

• Opportunity Knocks When Markets Are Rocked: Credit market turmoil creates a longer-term buying opportunity in European equities.

•Intelligencer:

•The Observatory

•Rising & Falling Stars

•Never Take Council of Your Fears:

•Where to Stash Your Cash: With interest rates on short-term Treasuries plummeting, we searched for higher-yielding places to stash your cash.

•Bonds in the Wake: Given the increasing volatility in the equity markets, should investors move more assets into the safe haven of bonds?

•Small-Caps That Wear Two Hats: These small-cap stocks have a strong combination of growth and value characteristics.

•Small/Mid-Cap Growth Portfolio: We are bullish on Choice Hotels' decision to expand into upscale markets.

•Top Ten Portfolio: This focused list, launched December 31, 2001, posted a total return of 61.7% from inception through August 29 vs. a gain of 41.1% for the S&P 500.

Some of the Companies featured:
Abercrombie & Fitch
AMERICAN REPROGRAPHICS
AnnTaylor
BASF
Burger King
Carlisle
CARTER'S
CHOICE HOTELS
Forest Oil
Hologic
JACOBS ENGINEERING GROUP
Manitowoc
McDonald's
Procter & Gamble
QLOGIC

S&P Information Products

Browse S&P industry research products by category:

S&P Industry Surveys
S&P Industry Stock Reports
The Outlook
Search Engine Survey
Pocket Guides
Power Picks

About Standard & Poor's

Standard & Poor's is one of the world's preeminent providers of credit ratings, and for such globally recognized financial-market indices as the S&P 500®. S&P also provides a wide range of other products and services designed to help individuals and institutions around the world make better-informed financial decisions with greater confidence.