Word: bloodbath
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Dates: during 2000-2009
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...word is "capitulation." The bloodbath of bloodbaths, in which investors tear their hair out and run shrieking from the room. Traders insist that while there has been tech overselling this month - overselling that was drawing buyers Tuesday - it just doesn't feel like it's run its course. Not to mention that every one of NASDAQ's 5 percent days has been met with selling soon after...
...word is "capitulation." The bloodbath of bloodbaths, in which investors tear their hair out and run shrieking from the room. Traders insist that while there has been tech overselling this month - overselling that was drawing buyers Tuesday - it just doesn't feel like it's run its course. Not to mention that every one of NASDAQ's 5 percent days has been met with selling soon after...
...largely excluded from the recent hypervaluation of tech stocks, and so now is it being largely excluded from the bloodbath on Wall Street's hipper half. Mostly, what the Dow has been doing lately is a jagged languishing, seesawing from 10,500 in May to 11,250 in September down to the magic 10,000 this month...
...display: chaos and mindless anarchy have rushed into the void cleared by the vague promise of freedom. The audiences seen here are the dark doppelgangers of Woodstock. Every face looks programmed and every movement emotionless, like a Stepford Wives vision of the hippiedom. Along with the Charles Manson bloodbath four months earlier, Altamont revealed the antipode of Woodstock's blissed-out flower children-the negative space on the other side of the spaces of freedom that the '60s opened...
...midday Thursday, the sellers weren't done yet. Juniper Networks, one of the high-flying bellwethers of the sector (which has lately been a sometime bellwether for the rest of NASDAQ), dipped below $200 during Wednesday's bloodbath and kept on going, hitting $170 at noon Thursday. Corning (more than oven-safe dishes, folks!) is below $70 and off more than 30 percent on the week. Cisco is back down in the very low fifties...