A “put” is a financial instrument that speculators or investors use to
insure stock against declining prices. An investor who buys a “put”
buys the right, but not the obligation, to sell a certain amount of
stock at a certain price sometime in the future, regardless of market
price. It’s like buying car insurance. When you insure your car you are
essentially buying a “put” from the insurance company. If you wreck
your car you can exercise your put and sell your car to the insurance
company for what it was worth before you hit the tree.
The term “the Greenspan Put” came into use in the financial world in 1998. That was the year the math wizards at Long Term Capital Management
nearly brought down the world’s financial system. A long shot
statistical anomaly put billions in the hopper faster than you could
say “irrational exuberance.”
Election 2007: Stuff You Need To Know
August 23, 2007 — kwtn21 CANDIDATES VYING FOR 7 SEATS ON
CITY COMMISSION AND UTILITY BOARD
by Dennis Reeves Cooper
Last Friday was the last day for
candidates who want to be Mayor of
Key West or a member of the Key West
City Commission or to sit on the Utility
Board to sign up to run for election. So,
now that everybody who is going to run
has thrown their hats into the ring, it’s
time for us to give you our initial take
on the upcoming election.
Well, actually, we couldn’t wait
until the close of qualifying to talk about
the mayoral race. We did that last week.
But here are some early thoughts about
the other races.
Read the rest of this entry »