Word: indexers
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...possible that I overlooked some of his other works. After all, the Reader's Guide doesn't index Penthouse, and the Harvard library system is notoriously weak on smut...
Hall raises a clenched fist and rotates it in a circle, inspiring the crowd to respond with its trademark barking chant: "Wooh! Wooh! Wooh!" He races over to bandleader Michael Wolff and greets him by touching index fingers. (No old-fashioned high-fives on The Arsenio Hall Show.) He bounds in and out of the audience, paying special attention to the folks in the bad seats behind the band. By the end of his opening monologue, the crowd is wired. Johnny Carson signals the start of his show with a decorous golf swing. Hall launches the proceedings with...
...stock market gyrated in recent weeks, the swings have been fueled by the widespread use of program trading. In this computerized practice, speculators trade stocks and stock-index futures simultaneously to profit from minute differences in prices. But program trading incited a Wall Street revolt last week as the Dow Jones industrial average plunged 92.42 points to 2596.72. Faced with pressure from investors, the firms Bear, Stearns and Morgan Stanley said they will halt the use of index arbitrage, the most popular form of the | strategy. A third firm, PaineWebber, scrapped all forms of program trading...
...moves came after two institutional investors, Keystone Group and Kemper Financial Services, said they will stop doing business with brokerages that use index arbitrage. At week's end the New York Stock Exchange said it will consider ways to tighten the rules governing program trading. Said Richard Grasso, the exchange president: "As a marketplace that has almost 47 million individual investors, we have got to be concerned about anything that might be harmful to those constituents...
...certain points 5% to 10% declines are possible in today's highly automated markets," says John Phelan, chairman of the New York Stock Exchange. Yet even some Wall Street insiders have had misgivings. Warns Edward Yardeni, chief economist for Prudential-Bache Securities: "A 7% drop in the Dow Jones index is destabilizing to individual investors, and we need them in the market, not just the program-trading boys...