Word: lockstepping
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Dates: during 2000-2009
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...granddaddy of these so-called exchange-traded funds (ETFs) are SPDRS (called Spiders). Around since 1993, this security mimics the Standard & Poor's 500. Each share represents a fraction of a share of 500 companies. Your investment moves in lockstep with that well-known benchmark. Other popular ETFs include QQQs, known as Cubes and based on the NASDAQ 100, and Diamonds, based...
...without being aware that they are. In the larger sense, we can expand, contract and shift our personal time in new ways, leaving and receiving messages at mutual convenience. On a yet larger scale, social behavior will also become more asynchronous, with all of us moving in much less lockstep rhythm and with more personal cadence than we do today. Our great-great-grandchildren will find it very odd that their ancestors commuted in traffic or huddled around a TV set at a particular time...
...Republicans in upstate New York, where Giuliani was almost as much of a carpetbagger from Manhattan as Clinton is from Washington. Lazio backed Newt Gingrich, but also has a moderate record on family leave and abortion rights, which will blunt some of Clinton's attacks on him as a lockstep GOP party man. Pooley says the race may well depend on which vote is bigger: pro-Hillary or anti-Hillary. "There may be a ceiling to Clinton's numbers, which didn't get past 45 percent or so even when Giuliani was at the height of his troubles," he says...
Couple this with the increasing tendency of investors to act in lockstep, and you have a prescription for future episodes in which liquidity dries up. Individuals who plan to hold their shares for years needn't worry, but those who believe they can jump out at the first sign of trouble would do well to ponder last Tuesday's brief but terrifying free fall. They might also rethink the wisdom of buying stocks on margin in today's take-no- prisoners market...