Word: crashing
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...rescue teams are on the scene, and the fires have been put out. Apart from the four-man crew of the Fine Air cargo plane, all of whom died, only four injuries have been reported on the ground. Considering that the crash took place on a busy Miami thoroughfare, it is extremely lucky there weren't more casualties...
...passengers on board the Korean Air Flight 801 that went down on the tiny U.S. territory of Guam today. Helicopters from the local military bases have found at least 32 passengers so far. And as the search for survivors goes on, the search for the cause of the crash begins...
What is known, though, is that the group is especially concerned about the potential for outflows from mutual funds, which have become swollen with individual's deposits this decade. One of the group's first courses of action during a crash would be to call fund companies to monitor activity. Another virtual given is that the Fed would cut interest rates, as it did in 1987, putting enough money into the economy to ease bottlenecks. That single act--cutting rates--is widely viewed as having greatly limited the carnage...
Brokerages and fund companies have more complex battle plans. For starters, they have to be able to pick up the phone every time it rings. That was a major problem in the '87 crash. Clients couldn't get through. And not every client who gets through wants to trade. Many just want advice. Merrill Lynch's crisis plan is drawn from the '87 experience. It will depend on its far-flung army of brokers to stay in contact with clients, while management's main task will be to stay in touch with brokers. At the first sign of a meltdown...
What could cause a stock market crash? it's an intriguing question with no real answer, other than some kind of surprise. My bet is that it would take a whopper. The bull market is so strong that to send the Dow careening would take something truly out of this world. Here's how it might unfold...