Word: panic
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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...
...gesture seemed too small with a full-blown panic possibly still ahead. At half time of Monday Night Football, the NASDAQ stock market, a sponsor, stated its closing value as it usually does, but failed to mention, as it usually does, the index's change for the day. In this case, it was down a record 116 points...
That kind of math suggests that U.S. stocks deserve a trim in light of Asia's weakened economies. The big risk is that the selling gets overdone. Now that investors have seen a connection they were blind to a few months ago, they might panic, fearing the kind of rout in U.S. stocks that Asian markets experienced. There were moments last week when you could feel that sort of tension...
...panic. All the chills, thrills and good clean pagan fun await you yet. But despite what you may have thought 10 years ago (wearing your Star Wars Storm Trooper costume and eager for candy) the monsters won't come get you tonight...
...YORK: So what was it? Not a crash. Not even a panic, really. But when a scare in Hong Kong wafts west and sends the usually buoyant Dow plummeting as much as 230 points from the opening bell, something significant may be afoot ? even if things did settle in at down 186.88 by closing time...