Word: gloom
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Moneymen around the world were yearning to look on the bright side, and it was high time. After weeks of gloom and stress since the Black Monday crash of Oct. 19, the financial markets needed only to see a few rays of hope to justify a rally. But everyone was looking for encouraging signals from the one place in particular, the U.S., that lately has been unable to deliver. . Investors and foreign leaders watched with increasing impatience last week as they waited for America to come across with some evidence of progress in solving its economic problems...
Hainsworth says he chose the Brecht play because he thought its "theatricality" would fill the large visual space which the Loeb provides. Only the mainstage provides the large space and hightech equipment necessary to create a Brechtian atmosphere of gloom...
...optimism on arms control in the Washington at week's end contrasted sharply with the gloom in Moscow on the previous Friday. At that time Gorbachev startled Secretary of State George Shultz with a sudden declaration that he "felt uncomfortable" about setting a date to meet Reagan in the U.S. He would be much more at ease about a summit, Gorbachev hinted, if Shultz would agree that the U.S. should slow development of the President's cherished space-based Strategic Defense Initiative (SDI). Shultz would not oblige him, and the summit appeared to be off. But after seeming to brood...
Still, the market's trend last week was definitely up. The Dow began in the depths of gloom, sinking 156.83 points on Monday to record the second biggest point drop in history. The next day brought the beginning of the rally, for no apparent reason except that investors still had cash to invest after selling so furiously in previous sessions, and began to see blue-chip bargains among the battered stocks. The Dow rose 52.56 on Tuesday, .33 on Wednesday, a robust 91.51 on Thursday and 55.20 on Friday. Even the over-the-counter market, which was more devastated...
...amid all the gloom, some firms found a few rays of hope glimmering for the future. Shearson reported opening a record 9,000 new customer accounts in one day last week. "We think this was a flight to quality," said Shearson Chairman Peter Cohen. "People are feeling that it's probably better to be housed in big firms rather than smaller ones." Whatever the reason, the new business was balm to the brokerage that announced last month it was firing 150 workers in its London offices and cutting back its trading of municipal bonds...