Word: light
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...rise in insider selling, which developed over the past several weeks, signals a time for caution, not panic, says Jonathan Moreland, analyst at InsiderInsights, a stock-market advisory service. "The insiders are telling me, O.K., there's a yellow light now; the green light is off," he says. In response, Moreland is advising his clients to raise the cash component of their investment portfolios. (Read "Despite the Economy's Struggles, Stock Market Soars...
Moreland sees other market data flashing the same yellow light. "The uncertainty in [analysts'] forward-looking earnings estimates, and I've thought this all year, has been a reason to stay cautious in this market," he says, adding that he began raising cash two weeks ago in anticipation of a market decline. "It seems to me there's another phase we have to go through [in the financial crisis] and that has a huge amount of uncertainty surrounding it," he says...
Instead, other historians speculate, the origin of the no-white-after-Labor Day rule may be symbolic. In the early 20th century, white was the uniform of choice for Americans well-to-do enough to decamp from their city digs to warmer climes for months at a time: light summer clothing provided a pleasing contrast to drabber urban life. "If you look at any photograph of any city in America in the 1930s, you'll see people in dark clothes," says Scheips, many scurrying to their jobs. By contrast, he adds, the white linen suits and Panama hats at snooty...
...Richard Reid. The al-Qaeda operative concealed a bomb in his shoe on a 2001 transatlantic flight from Paris to Miami. But once onboard, the terrorist proved utterly unable to get his shoe to ignite, attracting the attention of flight attendants who saw him repeatedly muttering while attempting to light matches. After noticing a wire running from his shoes, passengers doused Reid, tied him up and sedated him for the rest of the flight. He's now serving a life sentence at the Supermax prison in Florence, Colo...
...exhilarating flying back to Kabul after being gone for three years. The plane came in low from the east, in the coppery light of dawn, and I could make out the canyons of the Kabul Gorge where, in 1842, a retreating British army of 4,500 soldiers, accompanied by 12,000 family members and servants, vanished into the gorge and only one man, a surgeon's assistant on horseback, made it out alive. The rest were massacred or died in the snow...