Word: nadir
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...Have you checked your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...
...China's ill-fated attempt to buy the American oil company UNOCAL four years ago, political opposition in Washington led CNOOC to withdraw its bid. This deal, they said, fell apart for economic - not political - reasons. The proposed Chinalco investment came when global commodity prices were at their nadir; BHP had walked away from a merger with Rio a few months earlier, and the company was in sudden and desperate need of cash to cope with a nearly $40 billion debt burden...
Meet the Press •ratings of continue to plunge, possibly because God is punishing the smug moderator of for his 2007 prancing around on stage at one of those incestuous Washington correspondents dinners while Karl Rove "rapped," a performance widely believed to be the nadir of Caucasian entertainment...
...type of edge. Despite the occasional pounding drum, the songs never depart from the prevailing dreamy tone, making much of the album essentially indistinguishable. As “In the Sky” fades into “Meh No Mae,” the album reaches its nadir, with the next several songs just as unexciting as the previous. Even when they mix up the formula—like when guitarist James Hanna makes a vocal appearance on “I Can’t See”—any notable differences are enveloped...
...Slowing foreclosure rates by cutting the monthly interest rates of homeowners who could not otherwise afford their mortgages may actually string out the amount of time it takes for housing prices to reach a nadir and swing up again. A homeowner with a $300,000 mortgage on a house which is worth only $200,000 will keep that house off the market if at all possible, to avoid having to come up with $100,000 to subsidize a sale. That house sits in limbo while the government makes the monthly mortgage payment low enough to keep it in the hands...