Word: perlis
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...into Chinese stocks, ending the market's five-year slump and in recent weeks pushing daily trading volumes to all-time records. Last year, some 2.4 million investors began trading stocks through the Shanghai exchange, a 250% increase in new accounts. That's an average of about 7,000 per day, a flood of fresh blood from san hu (as the Chinese call small investors) that is making seasoned traders nervous. "When you see shop assistants and taxi drivers racing out to borrow money to buy stocks, you've got trouble," says commodities guru Jim Rogers. "That's the market...
...Take the country's largest life-insurance company, China Life, which trades in Shanghai, Hong Kong and New York. On Jan. 31, China Life shares had a price/earnings ratio of around 70 (a stock's P/E ratio measures the amount investors are paying for every dollar of per-share earnings). That's a richer multiple than investors are shelling out for fast-growing Google, the investing world's flashiest Internet phenomenon. Nor are high prices confined to just a few Chinese stocks. Webb estimates the average P/E for so-called "A" shares (stocks available to mainland investors on China...
...enhances their overall lifestyle." With that in mind, the Ritz-Carlton Rose Hall in Jamaica, ritzcarlton.com, employs a local "rummier" who-in a stimulating 30-minute course-teaches guests the difference between various dark, light, flavored and overproof rums. Classes are held on request and usually cost about $20 per head...
...punter, some 15 yards behind his butt. "It's just not a natural motion to be upside down throwing a ball between your legs," explains Mannelly on the rigors of his job - a rather lucrative one, by the way (a nine-year vet, Mannelly makes over $700,000 per year...
...ball with your dominant hand like a quarterback would, and use your weak hand, or guide, for support. You release the ball through your legs with both hands, but your legs provide most of the power. "It's a full body motion," says Mannelly. He usually flicks 75 balls per practice session, and his favorite drill is to hit the goal post from 15 yards away (you can even watch him do it on his website...