In This Issue: •Diversification Gets Easier: International equity correlation to U.S. mid- & small-cap stocks is declining. •Intelligencer: Headlines, Highlights, and What's on Our Minds •The Observatory: Selected actions for October 15 through October 19. •Korea Capitalizing on Oil •Blogs: The Next Takeover Target?: They reach large, loyal audiences, they're fairly cheap to run, and they're lucrative. •The Country that Never Sleeps: New York may be the "City That Never Sleeps," but statistics show the entire country is suffering from a scarcity of sleep. •Efficient Companies: Company managements who run a tight ship may see advantages as U.S. economic growth slows. •High-Quality Capital Appreciation Portfolio: Exposure to overseas markets should give Franklin Resources an edge. •Top Ten Portfolio: This focused list, launched December 31, 2001, posted a total return of 82.2% from inception through October 17 vs. a gain of 48.9% for the S&P 500. Some of the Companies Featured: Cisco
Franklin Resources
General Dynamics
General Electric
Lockheed martin
UnitedHealth Group
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