Word: trader
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...Survivor," contestants must engage in alliances and pacts, canvass support, lobby and horse-trade. Corny as its Trader Vic's-meets-"Lord of the Flies" aesthetic may be, the Tribal Council shows "delegates" forced to weigh which individuals are most indispensable to their "party" before casting their votes in a ballot whose outcome can, at the last moment, defy all predictions. In other words, "Survivor" represents real, unscripted politics, whose Darwinian ethic shows humans at their best and worst...
...overhaul the engine of American politics. It was a one-man show, a man and his crazies, until 1998, when Jesse Ventura showed that Reform could be a brand for fiscal conservative/social libertarian types who felt that money and obfuscation had ruined Washington. Too bad Jesse was a free-trader - Perot invited in The Pitchfork to chase out The Body, and now Buchanan is poised to chase out Perot...
...starters, let's debunk the summer rally. It's true that the market always rises after Memorial Day. But how could it not? Traders define this rally as the difference between the May or June low and the highest point reached in July, August or September. By that measure there is a rally not just every summer, but every season. And get this: seasonally speaking, the summer rally is the least exciting. Yale Hirsch, editor of the Stock Trader's Almanac, studied seasonal Dow moves back to 1964 and found that, on average, the summer rally was good...
...Senator" Bob Torricelli is really a day trader. In one frenzied period last summer, the New Jersey Democrat bought $1,001 to $15,000 (the forms congressmen fill out don't require exact numbers) worth of DrKoop.com on Aug. 5 and sold it the same day. He then bought an equal amount of Novell on Aug. 10, also selling it the same day. And on Aug. 11, Mr. Torricelli bought $15,001 to $50,000 worth of AmeriTrade stock and sold it on Aug. 13. Overall, Torricelli's stock holdings - after making hundreds of trades in 1999 - were valued from...
...upheaval follows famous troubles at another suffering hedge fund, Julian Robertson's Tiger Management, which has shut down, and at Berkshire Hathaway, where Warren Buffett's poor performance of late has put the stock into a historic tailspin. Buffett, of course, is no day trader. But totting up the problems of some of the world's most revered investors can be instructive--O.K., and a little...