Word: fearfully
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...huge stock-market losses on Thursday - a 7.3% drop in the Dow Industrials, a 7.6% decline in the S&P 500 - were just the latest in a string of traumas for investors already afraid to open brokerage statements or turn on cable TV for fear of what the news might bring. It was the seventh straight day of declines for the Dow, driving the group of blue-chip stocks below 8,600, a level not broached in five years. Since the market's high - ironically enough, exactly a year ago - the Dow has shed nearly...
...just buying a cup of tea." Heap, who opened the shop less than a year ago, has dropped her prices by 25% and let some staff go. She remains upbeat about the future, but with Canary Wharf on her doorstep, she concedes, "I do feel a slight wave of fear...
...fear is a persistent emotion, one embedded by evolution in our lizard brains. That's why there's no precise economic definition of a market panic; it's more a psychological than a fiscal phenomenon, simultaneously anticipatory (you think something terrible will happen) and retrospective (you think you have waited too long to avert disaster). Swimmers being dragged to sea in a rip current often try to swim directly to shore--against the current--and end up exhausting themselves. Panic can kill...
...Biden didn't take any big risks, but they didn't have to--and polls uniformly showed that voters thought they were the victors. McCain isn't the only Republican whose election prospects are in peril. With the economy in shreds and wrong-track numbers rising, GOP strategists fear a possible election wipeout. Democrats, with more money and a powerful voter-turnout operation, have begun to drop their poker faces...
...that fear is everywhere, how does Weiss feel? In some ways, more fearful than ever. Speaking over the phone from his office as markets plunge around the world, Weiss, 61, says: "The possibility of a total financial collapse is higher than at any time I've ever seen. We just don't know how bad things could...