Word: routing
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...unfazed: 70% of 810 Americans polled for TIME last Thursday by Yankelovich Clancy Shulman* said the market fall had no effect on their family's finances. Behind the general nonchalance, however, the survey found an undercurrent of anxiety: 46% said they were more worried now than before Monday's rout about America's economic future. Among the poll's findings...
...Some $500 billion in paper value, a sum equal to the entire gross national product of France, vanished into thin air. Volume on the New York exchange topped 600 million shares, nearly doubling the all-time record. Brokers could find only one word to describe the rout, an old word long gone out of fashion but resurrected because no other would do: panic. The frenzy rose as it spread once again around the globe. On Tuesday stock prices fell by 12.2% in London, 15% in Tokyo, 6% in Paris and 6.7% in Toronto, on top of huge losses Monday...
...then, did the rout give way to a rally? Traditionally, that happens after every so-called selling climax (even in 1929), because most investors who were thinking of selling have been cleaned out in one grand sweep and buyers start looking for newly cheap shares. The rally in the middle of last week was given particularly powerful support by some 200 major corporations that started buying up their own stock at bargain prices, in part to keep it out of the hands of would-be raiders. The crash put at least a temporary damper on mergers and acquisitions anyway. Several...
Peterson responds to most questions with a word or two. Sometimes, he'll elaborate--with a sentence. Two nights ago, Craig Janney scored three goals in the Olympians' 12-4 rout of Boston College. A reporter wanted a comment on Janney's play...
Harvard's last match of the weekend--against Dartmouth--should be as one-sided as the football team's 42-3 rout of the Green last Saturday. The spikers trounced the Big Green in both meetings last year, including a 15-4, 15-6, 0-15, 15-7 decision at Dartmouth...