Word: rebounds
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...government responses have turned the corner on the crisis. According to economist Jacques Mistral, head of economic research for the French Institute on Foreign Relations, the general fear that caused the bearish epidemic pushed markets so low that traders were already looking for a bottom from which to rebound...
...Sensex added 7.7%, while China's CSI 300 index, which measures both the Shanghai and Shenzhen exchanges, was up 4.12%. Japan's stock market, which last week suffered the worst rout in its history, was closed Monday for a holiday. "I think markets took a breath and will rebound in the next few days," says Sean Tsang, senior vice president of Polaris Securities in Hong Kong...
...pulling the goalie and the defender wide, so I was able to slip it behind the goalie,” McCoy said. Harvard added another tally when Keating struck again. On a penalty corner, McGillivray fired a shot, but the attempt was saved by a diving Labarge. The rebound rolled out in front of the net where Keating collected it and lifted it over the prostrate goalkeeper and into the net. “Chloe showed really nice poise on the lift,” Caples said. At halftime, the Crimson lead 4-0, with a sizeable advantage in shots...
Then why the late-Friday rebound? Certainly not from any significant easing in credit markets, where most measures of banks' unwillingness to lend to each other remained off the charts. And yet the late-afternoon sell-off that investors had come to expect - from hedge funds and other investors freeing up cash to make margin calls and pay clients wanting to withdraw money - didn't come. Instead, around 3 p.m., indexes began to rise...
...while, it seemed as if the market lemons were on the rebound. Never mind that aluminum producer Alcoa missed earnings estimates after hours yesterday with a 52% drop in profit. Or that Bank of America was down again, 3.7% at one point, on continued worries over its need to recapitalize. Other financials, which had been battered hard on Tuesday, like J.P. MorganChase & Co. and Citigroup, seemed to be heading up significantly, as was bellwether General Electric, which had seen its shares hit hard the last few months over its exposure to the credit crunch. By day's end, however...