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Tuesday, November 11
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It's interesting to look at the average annual total returns of these older funds, which are now part of the Vanguard group.
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Abnormal Characters, end of day, November 11, 2003.
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I don't use TradeStation's RadarScreen, but it looks pretty slick. You can read over their description and watch a nice
demonstration video (7MB .wmv) of the product at that link.
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Another gem from Elmore Leonard, this time from Freaky Deaky.
"... the guy didn't know Ho Chi Minh from sweet-and-sour shrimp."
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Bogle is right on the money, as usual. Employees in crappy, high-fee 401(k) plans
have to take the opportunity this scandal presents to move to someplace better.
"Bogle also cautions employees about being locked in by their 401(k) choices. If you are not happy with your choices, he said, then
talk to the plan's administrators about switching. 'I would talk to my fellow employees and I'd say let's talk to the administrators
and move this whole plan somewhere else,' Bogle recommended."
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Soros is putting his money where his mouth is when it comes to defeating Bush in 2004.
"'America, under Bush, is a danger to the world,' Soros said ... Soros has grown alarmed at the influence of neoconservatives [who]
are exploiting the terrorist attacks of Sept. 11, 2001, to promote a preexisting agenda of preemptive war and world dominion ...
Asked whether he would trade his $7 billion fortune to unseat Bush [Soros said,] 'If someone guaranteed it.'"
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The Chairman notes the broad market direction, finds an Abnormal Character, waits for a bar to execute against, sizes
the position according to the initial risk, and brings home the bacon --
all in today's Trading for Dummies Lesson.
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These comments by Wes Clark made me chuckle:
"There are three terrible things that can happen to you in the United States Army, if you're an officer. You can win a congressional
Medal of Honor. You can be a Heisman Trophy winner. Or you can be a Rhodes Scholar."
I didn't know that Clark's father, who died when Wesley was four, was Jewish. Clark was raised Southern Baptist but converted to
Catholicism when he married his wife.
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Among all of Time Magazine's Coolest Inventions of the Year, I like the glow-in-the-dark fish best. (Make sure your
pop-up killer is working before you visit any Time Warner site.)
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An amusing group of vidcaps showing the ecstatic delivery of various anchorwomen
-- via FleshBot --
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Ahh, maybe Dennis Kozlowski was known around the office
as Mr. Note Receivable or perhaps Mr. Forgiven Loan.
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Chet Currier writes that fund investors are not little lost lambs.
He's right, they're masochistic sheep who enjoy being sheared.
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Andrew Ferguson writes about the flap surrounding
Howard Dean's confederate-flags-on-pickups comment.
"Just because something is true doesn't mean you can say it."
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When I look at a chart of the Help-Wanted Advertising Index it
makes me wonder how they've adjusted the data for the fact that probably 95% of all help-wanted ads have moved online. Obviously the historical chart
is completely misleading if they haven't properly accounted for the shift to online advertising.
Asha Bangalore may be coming to the wrong
conclusion when she writes: "Help-wanted advertising is at the lowest level since the early 1960s." Too bad she doesn't post her email
address so that I can write to ask her about it.
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Rafat Ali explains how Subscription Sponsorships work at Economist.com.
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The Economist bemoans the Bush administration's certain disdain for 'old Europe,' among other things:
"By education and background, this is an administration less influenced than usual by those bastions of transatlanticism, Ivy League
universities. One-third of President Bush senior's first cabinet secretaries, and half of President Clinton's, had Ivy League degrees.
But in the current cabinet the share is down to a quarter. For most members of this administration, who are mainly from the heartland
and the American west (Texas especially), Europe seems far away."
But wasn't it Rummy (Princeton '54) who first complained about 'Old Europe?'
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