Word: nasdaq
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...these allusions to warfare were invoked not for physically treacherous circumstances, but, to many, events no less catastrophic. Capping off one of the most miserable weeks in financial history, the Dow and the Nasdaq fell sharply on Friday. The former lost five percent and the latter 10 percent of their respective values...
Activists are targeting the IMF and World Bank partly because the organizations are creditors for much of the $350 billion owed by the world's impoverished countries (a sum just one-third of the value lost on the NASDAQ over the past three months). Of these, many of the poorest, like Mozambique, Honduras and Myanmar, have little hope of making repayment. Drastic steps to relieve their plight have gained a spectrum of supporters, including Pope John Paul II; Bono, the U2 rock-band singer; and Jubilee 2000, an international faith-based coalition...
...that dark day 13 years ago, the NASDAQ, then just a funny series of letters to most people, fell all of 11.4%. But on Tuesday the NASDAQ, now our most closely watched market gauge, was down 13.6% on extraordinary volume and with hours yet to trade. And that was on top of a chilling drop the day before, on top of a steady erosion over the previous few weeks that in all took the index down a stunning 28.9% from the March 10 high to the April 4 low--wiping out an incredible $1.1 trillion of value...
Then everything changed. Or should I say nothing changed? Investors flooded into the market to buy the dip, and the NASDAQ roared back to end the day with only modest losses, then skipped through the rest of the week with little grief. Indeed, tech bellwethers, including Oracle and Intel, finished the week with gains...
...dream, vast acreage on the center of the front page of the New York Times ("All The News That's Fit to Print," grave chronicler of wars and famines and NASDAQ plunges) is given over to the Boy and the Attorney General and the Dictator and the religio-political mob scene. Turn on the television and on every news channel the mob scene springs to life - famous Hispanic singer passionately orates, cops reinforce barricades with chains, the Boy is seen coming down the sliding board, laughing...