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Milesedge visa

Here’s another term that we heard regularly during the stock market bubble of the 1990s but not much since the millennium.

It’s an artificial “circuit breaker” designed to prevent a spark of buying or selling from exploding into a full-blown panic.The various futures markets set a “limit” price before each session based on the settlement price at the end of the previous day’s trading. If the price of a particular futures contract hits the limit price, trading is suspended for a specific period of time. When trading resumes, the limit price is as far as the action can go. There is a “limit up” for buying sprees and a “limit down” for major sell-offs. If the contract is limit up or limit down for more than one day it is now “lock limit.”Future contracts cover a large number of commodities. Stock traders in particular watch the DOW futures and the NASDAQ 100 futures. The action in those futures pits, especially before the opening bell for a new session at the NYSE or NASDAQ, helps traders determine whether the open for the cash market will be strong or weak or going nowhere. If the DOW futures are soaring, traders tend to go long; if they’re collapsing, traders tend to go short.Limits are set in place to prevent the buyers or sellers from taking the index too far, too quickly.For example, the NASDAQ 100 has an initial limit at 20 points above or below the previous day’s settlement price. The limit is in effect for two minutes. When trading resumes, the next limit is at 30 points, and it is in effect for 15 minutes. Then comes 60 points for 30 minutes and 85 points for one hour. When the change is 100 index points up or down, it is at lock limit.The limits are tested in most cases by news events. A horrible headline can send the futures to their limit in a flash. The last time we remember that occurring was in the aftermath of the 9-11 attack. The markets were closed from the start of the assault until the following Monday. The futures were at limit down before the start of trading, as we recall.The goal is to allow people some time to catch their breath and digest the information milesedge visa that initiated the rash of buying or selling. Cooler heads usually prevail. After the limit is lifted, trading may still be frantic but not out of control. This is especially important during a sell-off. The last thing the exchanges want is a panic-induced rush to the exits that milesedge visa sends prices into an irreversible tailspin.How should you, the individual investor, respond if you flip on CNBC one morning and see the DOW or NASDAQ futures at limit up or limit down? Not much, in most cases. Trying to buy shares in a run-up or dump shares in a major decline will probably result in a poor fill or no fill and a nasty case of whiplash from a whipsawing market.However, if you have good day trading tools you can attempt to play the inevitable reversals. The market always overreacts; when the DOW drops 100 or 200 points in short order, it will come back before resuming its decline. Buying and then quickly selling an index-tracking Exchange Traded Fund, or ETF, could net some nice profits.The same goes when the DOW or NASDAQ blast higher. The indexes will likely pause and decline for a spell as individual stock traders take their profits. At that point, short selling an ETF like the DOW “Diamonds” (DIA) or NASDAQ “Qubes” (QQQ) should work. ETFs, unlike stocks, have a special advantage because they don’t require waiting for an “uptick,” or rise in price, before filling a short sale.2

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For many years, the major credit card companies have allowed their customers to pay as little as 2% of their outstanding balance each month. This payment, while minimal, has actually allowed the credit card companies to reap record profits, mostly because of high interest rates. While interest rates on home loans have lately been in the neighborhood of six percent, the interest rates on credit cards sometimes reach as much as thirty percent per year!

The customer may not be paying much on the principal, but if they fail to pay that principal, the interest accrues quite quickly. In fact, it can take more than nine years to pay off a simple $1000 balance if the cardholder only makes the minimum payment each month at an interest rate of 20%.

Obviously, it is not in the best interests of any cardholder to make only the minimum payment each month. Many Americans can’t afford to pay more, as the average credit card debt in a U.S. household is now approaching $10,000. On such a debt, the minimum payment would be $200, and for many, that is all they can afford to pay. At this rate, someone who holds the average amount of debt would probably need their grandchildren to finish paying it off for them; it could literally take generations to pay off that bill at 2% per month. That is about to change.

A recent change in Federal law requires the major credit card companies to increase their minimum monthly payment. The law was passed some two years ago, but the lenders were given a grace period to allow them to comply. Soon, several major credit card companies will begin charging a monthly minimum of 4%. This may not seem like much, but for those with large balances, a doubling of the minimum payment could be devastating.

A $200 monthly payment for someone with a $10,000 balance will now become $400, and for many Americans, that increase could drive them to file for bankruptcy. Should you find yourself with a large balance and a minimum payment that may be hard to pay, what can you do?

Without preaching, a little bit of common sense should be applied in this situation. Cardholders with such problems should, first and foremost, stop using their credit cards. Adding debt to a debt problem is not good. The next step would be to try to cut some household expenses to raise money to meet the new obligation. Buying lunch at work? Can you take a sack lunch instead? Can you consolidate your debt with a home equity line of credit? Try calling your bank and see if you can negotiate a better interest rate or a more favorable repayment schedule. It’s not likely to work, but it’s worth a try.

There are numerous solutions available to anyone with problem debt, but this fact is obvious - once the minimum payment goes up, it will not come down again. The credit card companies, by increasing the minimum payment, are trying to avoid situations where debtors cannot pay their monthly bills. The 4% rate will allow most cardholders to pay their bills sooner, and will probably cause fewer customers to default on their payments. That should benefit everyone.

Question: What do many new spokespeople at technology companies have in common? Answer: they make similar mistakes and fall into similar traps.

Based on my experience as a media trainer, the most common ones include:

1. Misunderstanding the Media. Too many spokespeople confuse PR opportunities with free advertising. Ouch! No reporter, editor, or host wants to be a billboard for your products or service; their job is to provide interesting and useful information to their readers or audience. And if you help them do so, you'll maximize your chances of positive coverage.

2. Misunderstanding the Spokesperson Role. Some spokespeople think that they're on a sales call when they meet the press. So they toss out puffery and hyperbole or try to "close on the objection." Then they become frustrated by the "poor" coverage, if any, that they receive. The key is
simple: inform, don't sell.

3. Lacking Message Points. At first blush, it might seem that telling spokespeople to have message points is as obvious as telling them to wear clothes during an interview. But in fact, many spokespeople do arrive metaphorically naked for interviews - bereft of key message points. Deliver several strong messages well, and you might just see them in print or on the air.

4. Unleashing a Core Dump. When spokespeople feel the need to educate the interviewer about everything that could be known about their products, services, or companies, the interview loses focus. An effective spokesperson knows when to cut to the chase and assess what level of detail the interviewer is seeking.

5. Over-Answering. Most inexperienced spokespeople don't know when to stop talking. By babbling on, they increase their chances of being misquoted or driving the interview off-topic. Don't snatch defeat from the jaws of victory - keep answers short and to the point.

6. Failing to Listen. A guaranteed way to irritate an interviewer is to interrupt or finish his or her questions. You need to establish a rapport and communicate respectfully - just as you would with a colleague.

7. Speaking in Jargon. It's often tough for spokespeople to adjust their technical level to that of the interviewer. But it's also critical. If you talk over the interviewer's head, you'll decrease the chances of an accurate write up; if you "dumb down" the information for a technologically-sophisticated interviewer, you'll likewise decrease the chances of getting the kind of coverage you desire.

8. Missing the "So What?" Too often, spokespeople focus on the intricacies of their technology and forget that ultimately, the game is about offering a better value proposition for your customers. Demonstrate how your products and services solve your customers' problems and help them achieve their goals.

9. Trashing Competitors. Spokespeople can easily lose credibility if they boast about overthrowing the 800-pound gorilla in their market space. Far better to talk about the unique features and advantages of your offerings and how you plan to increase market share. In short, take the high road when it comes to competitors - you'll do more to increase your chances of obtaining the good press you deserve.

10. Playing Tug of War. Some spokespeople believe that they need to come across as "tough," so that they can control the interview through intimidation. Bad idea; you might win a battle or two, but you'll still lose the war. Victory goes to he or she who controls the ink. So be a smart player and check your ego at the door. Are there other mistakes spokespeople can make during an interview? Sure. But if they can avoid the "Big Ten," they'll maximize their chances of a successful experience with the media.

Copyright C 1998-2005 Steve Bennett.

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