Word: year-end
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...NASDAQ index fell 12% during election week and plunged again last Monday, crashing below 3000. It bounced back on Tuesday but was dishearteningly choppy the rest of the week. The Dow has been on its own treacherous sawtooth course, breaking the will of many who had expected a year-end rally to take shape...
...recounts speechwriter Michael Waldman in his new book, POTUS Speaks. Controlling the story line, therefore, is at the top of Clinton's agenda. The pursuit has been manic and ambitious in the past months: the China trade bill, the Camp David summit, eight foreign trips to 14 countries, a year-end legislative showdown with Congress, strategizing his wife's senatorial campaign, planning a historic visit to Vietnam. Says Douglas Brinkley, a historian and biographer of Jimmy Carter: "He's treating every day like it's his last day in a Herculean struggle with history, to prove...
...four years, Vinik Asset Management has returned 440% after fees, four times the S&P 500. No need to scratch for clues here. Vinik relies on diversification and simple stock picking, which work so well that, at 41, he's just announced that he'll retire at year-end to play with the kids...
...gains. Consider holding off your Christmas-fund shopping: most funds distribute profits in November and December. And since for each dollar distributed the NAV decreases by a dollar, patience may be rewarded with a lower purchasing price sans the tax sting. The risk here is missing out on a year-end rally, if there...
According to Vice President for Finance Elizabeth C. "Beppie" Huidekoper, the financial systems performed "smoothly" during the year-end close...