Word: panic
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Dates: during 1990-1999
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...legends of Ivy League education. One professor offered his faux-zebra hide couch for me to sit on. The other, more avuncular professor actually offered me a plate of donuts. My discussions with them, and with the other students in my interview time slots, did not provoke panic or even mild anxiety...
...rest of the world held its breath yesterday as the space station temporarily lost the use of its primary and backup oxygen generators. Mir's crew swiftly fixed the problem, but Russian ground staff went home for the night without telling the Americans about it, touching off a brief panic at NASA early this morning...
...panic has eased. Cunanan is a name that echoes only in nightmares, like Bundy, like Dahmer, another lesson in how a monster can put on a pretty face...
...taken as a crash prediction. When the bull market finally ends, which it must, it certainly doesn't have to be in calamity. The more natural turn would be to a slow, grinding bear market, in which stocks fall some 20% to 30% over a year or longer. No panic. Just a lot of selling, most likely hinged to a downturn in the economy...
...overriding belief of the President's group--and this is true of nearly all relevant institutions--is that virtually any market decline would be tolerable so long as it was orderly. The ability to take all calls and get all trades done is paramount. It helps avoid panic, which leads to irrational selling and a stock-market death spin. Says William Johnston, president of the N.Y.S.E.: "We see ourselves as a utility. Our job is to supply enough power at peak times to keep every light burning." Hence the Big Board's vast trading capacity, built at a cost...