Word: strategist
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...turns out, we really do sell when we should buy: more than $30 billion flowed out of stock funds in July, the biggest one-month exodus since the 1987 crash. Selling stocks when prices are so low is "insane," says Morgan Stanley global strategist Barton Biggs. That scared money missed the Dow's 1,000-point rebound...
...highly cyclical group includes Dow Chemical, aluminum producer Alcoa, rubber company Goodyear Tire and metal benders like Caterpillar--outfits that make what sells well in an economic recovery. Because their earnings are volatile, a better way to value such companies is by looking at sales, says John Manley, market strategist at Salomon Smith Barney. Over the past 30 years, he says, this group has traded at a 10% discount to the price-to-sales ratio (price per share divided by sales per share) of the S&P 500. The discount today...
...statewide offices. It has been nearly 30 years since a Democrat has won an open Senate seat. When three-term Senator Phil Gramm announced his retirement last year, who thought Republicans didn't have a lock on his replacement? Just to make sure, the President's political strategist, Karl Rove, mineswept the primary field to ensure that attorney general John Cornyn, a stately, snowy-haired vote getter with a huge political bankroll, would have a straight shot...
...soldier's attitude toward politics springs from his training at the academy. All cadets attend lectures on governance. Arts majors take a political-science course studying Plato, Aristotle, Machiavelli, Indian strategist Chanakya, Arab historian Ibn Khaldun and Pakistani poet Muhammad Iqbal. But the average soldier learns more in the mess hall and the boxing ring than from this tutoring in political theory. "Phhh," sneers Major General Hamid Rab Nawaz, the academy's commandant. "I never studied political science myself...
DIED. HENRY (BUDDY) CIANFRANI, 79, flamboyant Democratic strategist and former Pennsylvania state senator who won back an old ward-leader seat in 1988 after serving 27 months in jail in the late '70s on racketeering charges; after a stroke in May; in Philadelphia. His romance with his future wife, journalist Laura Foreman, who covered him at the Philadelphia Inquirer and the New York Times, led Times executive editor A.M. Rosenthal to ask for Foreman's resignation in 1977, reportedly saying, "It's O.K. to f___ elephants, just don't cover the circus...