Word: panic
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Dates: during 2000-2009
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...more time: That?s historically low, and no reason to panic. But it?s still getting higher, which means that every 0.1 percent uptick is another hole in the consumer-confidence dyke. The stream of announced layoffs from the corporate sphere hasn?t let up appreciably, and some Wall Streeters expect a whole new round of payroll cuts when upper management gets back from summer vacation...
...tech slowdown began almost a year ago and Asia's stock markets and economies have been taking it on the chin ever since. But the sense of panic is something new. Until recently, Asia's policymakers and business leaders were confident that it would not be long before American consumers started partying again. Like kids waiting for a joyride in the backseat of a souped-up Mustang, Asia's markets cheered each time U.S. Federal Reserve chairman Alan Greenspan cranked the engine with yet another interest rate cut. But the car never budged. And as June turned to July...
...like me, you're already neck-deep in Asian equities, the best advice is to stay where you are. Pulling your money out in panic can only mean losing more. Better to wait for the markets to recover, unless you have absolutely no faith in a company's fundamentals?or there is a ".com" in its name. If you're feeling adventurous, this might actually be a good time to buy. Most of Asia's stock markets are trading close to their five-year lows in terms of price-to-earning ratios...
...from liposuction clinics and taco stands. The Norbert Wabnig Cheese Store of Beverly Hills has applied because, says Shivon Ryan, cheeses are "perishables and require refrigeration." (And who knows how many Angelenos might perish without goat cheese?) Sick Dog's Tattoo parlor in Westminster absolutely requires power to avoid "panic poking," according to owner Frank Salderelli. (NOTEBOOK's verdict: give it to him.) An unexplained mystery is why the Orange County Council of The Boy Scouts of America applied for a blackout exemption. Shouldn't they, of all people, rely on simply being prepared...
...content," says Begala. "So we changed. We had to." Bush's predicament is not so dire. Robert Teeter, co-author of the NBC News/Wall Street Journal poll that caused some anguish in the White House last week, says there's no need for the Bush team to panic. "People are still forming their opinions of him," says Teeter, a Republican. "All in all, he's in reasonably good shape...