Word: normalization
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Dates: during 1990-1999
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...beyond that obvious message, is there a deeper meaning? It seems farfetched that such a panic could occur for no good reason and without consequence. We're way beyond normal price volatility here. Throughout history, daily Dow moves of 1% or 2% up or down have been relatively common. But Monday's 7% decline was the 12th worst ever; Tuesday's 4.7% gain, the best in a decade. Was the market right on Monday or on Tuesday...
...with less than $50,000 in annual income have non-mortgage debt equal to 24% of their take-home pay. "That is an all-time high," he notes, adding that the stress is apparent in rising bankruptcies and the recession-like 5% annual growth in consumer credit. A more normal credit growth rate is 10% to 15%. Now tack on uncertainties from a tumultuous stock market, and there is the real threat that consumers, whose spending accounts for two-thirds of the economy, will cut back...
Imagine the frenzy at Charles Schwab & Co., the nation's largest online brokerage house, as it attempted to handle the siege of 1.5 million customer inquiries--three times its normal volume. Or at the boutique E-shop Datek, which handled more than 20,000 transactions, double its usual load. Similar scenes were played out in a dozen online brokerages across the country as Net users took to their computers to buy and sell stock. Whatever else the "Correction of '97" signifies, it will surely be remembered for finally sanctifying online money managing...
...investors tell it, personal-computer transactions were more of a drag than a click. Although investors were far more likely to get through to a computer than to a human broker, electronic shops such as Schwab, E*Trade and Waterhouse bogged down when the calls swelled to double the normal traffic. Although Monday's traffic jams may have saved a few investors from selling too fast, Schwab spokesman Tom Taggart conceded that there were "no excuses" for the delays...
...another dysfunctional-family Thanksgiving drama, this time with a little incest and crises of identity thrown in. Josh Hamilton plays a troubled fellow who brings home his supremely normal fiancee (Tori Spelling, who's surprisingly good in this sugar-cookie role) only to confront the ghost of his past in his sister, "Jackie O" (a delightfully demented Parker Posey), who sports an obsession with the JFK assassination among her myriad kooky charms. What makes this setup more than just a gimmicky grab-bag for originality is its success in mixing the familiar and the disturbing in the composition...