Word: fearfully
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From stocks to house prices, profits to banks, right now, just about everything seems to be falling. Amid the carnage, though, there's at least one measure you can't keep down: fear. Wall Street's favorite measure of market volatility and investor jitters, the Chicago Board Options Exchange Volatility Index - VIX for short - briefly topped 80 points for the first time Thursday, as U.S. stocks slipped on a pile of poor economic news. The VIX, dubbed the "fear gauge", eventually closed at a touch under 68, three times the average over its 18-year history. Prior to this past...
...index plummets - the leading benchmark of U.S. stocks has lost about a third of its value this year - investors are scrambling to pick up options in order to hedge against those losses. That, in turn, drives up option prices, as well as the VIX. In other words, the higher fear levels get, the more the volatility index rises. (The reverse is true, too: when U.S. stocks rallied sharply Oct. 13 in response to plans announced by the U.S. Treasury to buy stakes in big banks, the VIX slid...
...form, this racism cautions us to stick with our own—that identity outweighs both class and convictions. One woman I met worried that Obama would leverage the presidency against whites. “It’s the reckoning,” she said simply.The racism of fear is subtler and more insidious than the kind of our past. It thrives on silence and political correctness—on the avoidance of the race issue at all costs, and on our willingness to pretend it is something else entirely. And it festers, for that reason, among the middle...
...While that may be laudable in humanitarian terms, Bruni's defense of a convicted Red Brigade terrorist struck some as the summit of hypocrisy and indecency. As a child in the 1970s, Bruni fled Italy with her wealthy industrialist Bruni-Tedeschi family to take haven in France in fear they might be selected as targets by leftist terrorists during Italy's "years of lead." Roberto Della Rocca, who survived seven shots fired at him in 1980 by the Genovese faction of the Red Brigades, would not comment on the First Lady's role, saying that it is Sarkozy who must...
...Sarkozy urged clemency in light of the prisoner's perilous health - a suggestion swiftly rebuffed by the Conservative government of Prime Minister Silvio Berlusconi in Rome. Less than a month later, a French appeals court ordered Petrella's release from custody at the request of French justice officials who fear she'd die otherwise - resulting in her police guards halting their surveillance of her hospitalization in the intensive care unit where she remains bed-ridden. Because of that, many interested observers resentfully anticipated Sarkozy's final reversal on her case before it was even announced...