Word: panics
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...Downstairs, in the theater's press filing room, Al Cardenas, a Washington lobbyist who chaired Romney's Florida campaign, continued in the same frame of reference. "We think that the conservative movement activists are now beginning to panic about losing their grip on the Republican Party," Cardenas said. "They better start working hard, and they have told us they are going to have to start working hard...
...billion for Barings Bank in 1995, wiping out the bank's cash reserves. Leeson was arrested after an international manhunt, and spent more than three years in a Singapore jail. By contrast, Société Générale executives simply suspended Kerviel - perhaps to avoid panic selling. Executives then quietly unwound his disastrous transactions on the financial markets over the course of three days - so helping to send markets plummeting around the world...
YOUR INVESTMENTS: Prepare a shopping list. January's stock swoon may have been unsettling, but it's no reason for panic. "Someone walked up to me and asked if he should put everything in cash," says Nicholas Nicolette, principal at Sterling Financial Planning. "That was an emotional reaction." Instead, use this time to cherry-pick overlooked, undervalued stocks. "For the well-prepared investors, these down moves provide opportunities," says Jeffrey Saut, chief investment strategist at Raymond James Financial. Just make sure to go bargain-shopping within the confines of a calm-headed, long-term strategy...
More than one commentator used the word "panic" to characterize the sell-off. Panic - as if the sudden fear might be a bit of an overreaction, a tad on the hysterical side. Should...
...London, you could almost smell the panic. "There's an acrid stench of fear," says David Buik at London brokers BGC Partners. The list of those investors' worries is growing. Despite a $150 billion package of tax cuts and other economic stimulus unveiled by President Bush last Friday, a recession in the U.S. remains "more likely than not," says Gabriel Stein, chief international economist at Lombard Street Research in London. The reason: markets can still only guess the scale of losses incurred by banks caught up in the collapse of the U.S. subprime mortgage market. With those banks themselves still...