Word: trade
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Dates: during 1990-1999
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...assisted-living movement has really changed the way people age," says Karen Wayne, president of the Assisted Living Federation of America (ALFA), an industry trade group. "We've proved that people don't want to be in institutional settings." The facility provides each resident with a room or suite; meals, usually in a common dining room; and round-the-clock staff members who help with the no-big-deal chores of the day that can still defeat the mostly capable elderly--bathing, dressing, taking medication. Assisted living gives the elderly some measure of independence, a chance to socialize and needed...
...which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head to the mall. So inflation could still be lurking in the heart of the U.S. economy ?- but it?s not putting much fear in Alan Greenspan...
...traders, who have overnight become a reviled cohort, have an entirely different credo. They trade stocks, particularly the newer, unseasoned Dot.coms off of "the action." They buy strength and sell weakness. A day trader can't have any conviction or belief in any company if he has to be out of the stock at the bell...
Both trends are new. For as long as there have been stocks, we've been taught that you need a professional broker to help figure out your finances. But the Web has brought monumental changes to investing. Individuals can trade for the same low costs as institutions and can get plenty of timely information. The Web has empowered many people to take over the reins of their portfolios...
There's just one catch: it can't be done. A report from the Day Trading Project Group of the North American Securities Administrators Association showed conclusively last week that the majority of people attempting to day-trade professionally lose "everything they invest." Does this sound similar to casino gambling? It is. Both involve bets on random moves that come with heavy tariffs and that ensure it's a rare gambler who can beat the house over time...