Word: panic
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Dates: during 1970-1979
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...panic selling had actually started the previous Thursday, Oct. 24. That was when the Dow Jones industrial average, having already slipped in seven weeks from its record high of 381, dropped by six points on spectacularly high volume to 299. The plunge continued on Friday, on a half-day session Saturday, and on Monday as well. But Tuesday is nonetheless remembered as the truly black day: as frightened shareholders across the country rushed to sell, trading volume soared to an unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone...
...days went on and the panic spread, Western Union hired fleets of taxis to help deliver margin calls to speculators. It was common to see people rushing from their banks to their brokers with stock certificates and bonds they had just taken from safe deposit boxes. Insurance companies were besieged by people wanting to cash in or borrow on their policies...
...else had any money left?") New York Mayor Jimmy Walker asked movie theaters not to run newsreels of the Wall Street panic, but to show instead "pictures which will reinstate courage and hope in the hearts of the people...
...snowfall swirled outside, a far fiercer storm began to rage inside the exchange. Only minutes after trading opened, brokers were deluged with orders to sell. By the time trading had been under way for an hour, everyone realized that the rush was on. "It's almost a total panic," said a broker whose clients were jamming his telephones in their haste to sell. "More dramatic than anything I've seen since the assassination of President Kennedy. The institutions and banks are selling, but they aren't as dramatic as the public. The public always seems to overreact...
...Coyote thinks up ever more elaborate schemes to fell the bird that never wert, and the attempts always backfire. But what makes old Wile E. an immortal figure is what is known in the trade as "character animation"-those marvelously rendered expressions of confidence, cunning, determination, frustration and panic as he finds either the huge rock falling on him or himself falling off the cliff, while the bird scoots off across the desert landscape...