Word: pandemonium
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...Pandemonium Ensued...
...swelling demand for precious metals, and the almost total absence of sellers, that kept markets in a weeklong state of 24-karat chaos. In the burgundy-carpeted, octagonal trading ring of the New York Commodity Exchange, where each day's worldwide price surge climaxed, there was unrestrained pandemonium. Brokers and dealers screamed buy orders in a deafening din that continued practically without interruption from 9:25 a.m. until the closing bell...
...unworkable. Says Tony Tavares, director of the New Haven Coliseum where The Who will play this week: "When you sell a general admission ticket, you're challenging your crowd to get to the best seats in the house first. You're creating a system of pandemonium." New York City's Madison Square Garden, which brings its 20,000-capacity crowds in through four separate towers and a series of separate entrances, has never permitted festival seating. The Garden had 200 security people, 100 ushers and 20 supervisors at their Who concerts in September. "I paid...
...floor of the New York Stock Exchange, where prices had generally been climbing through the year, brokers were swept up in a selling wave that caused pandemonium on Wall Street and twinges of fear throughout the country. In just five days, the market dive left investors with some $55 billion in paper losses and sent the Dow Jones industrial average plunging a total of 58.62 points to a week's close of 838.99. In terms of points, that was the Dow's second steepest one-week decline ever; during the week of Oct. 16, 1978, when prices were hammered...
...their losses. By 11:30, only 1½ hrs. after trading began, the Dow Jones average was off by 13 points and falling. "I wouldn't call it panic," said Steven J. Hyman, an independent, or so-called $2 broker. "Let's say it's controlled pandemonium...