Word: reaction
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...frequently illogical reaction of markets to daily evolution of the dark economic picture is pretty disconcerting, but it looks a little more coherent from a distance," Naudé explains. "Markets have lost over 40% of their value in the past year, and daily losses of -5%, -7%, -10% have far outnumbers the occasional gains of 3% or 4%. Don't be confused by today's advances, because they are the exceptions to the reigning rule of pessimism and losses...
...purchased, they scrambled to cover losses. Not only did oil prices go down, but other assets also declined significantly. The further oil prices went down, the more deleveraging and liquidation had to occur to cover these losses. The financial crisis was the spark; deleveraging, the fuel. A chain reaction occurred as traders who had bought oil saw their money disappear in oil and other losing investments. And with a credit crisis looming, major players interested in maintaining a long position could not raise capital to cover margin requirements...
...Through it all, Kahn remains low-key and modest. When asked about the lab’s reaction to the Manpei Suzuki Prize, Russell said that he and the rest of the post-docs had to find out the news on their...
...Medvedev's congratulatory Nov. 8 phone call and laid out for his Russian counterpart his own view of the U.S.-Russia agenda. Aides say Obama and Medvedev discussed substantive issues in the call, but missile defense didn't come up. The Russian President responded positively to Obama's understated reaction. "The Russians were very congratulatory, so it was a good and productive call," says an Obama aide. (See pictures of the world reacting to Obama...
...Obama's nonconfrontational response impede progress on resolving the dispute with Moscow over missile defense? Probably not. Given the Democrat's ambiguous position on the issue, Russia is unlikely to accept any U.S. deal offered in the interregnum after his election. Yet Obama's "no drama" reaction at least avoided confrontation and bought him some time to pull together a foreign policy team and decide where he really stands on the deployment of missile defense to Europe. As former Deputy Secretary of State Richard Armitage used to say, "Diplomacy is the art of saying 'Nice doggy' while looking...