Word: selloffs
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Aside from the potential of a shiny new bauble in Comcast's hostile $44.5 billion bid for AT&T Broadband, Wall Street has very little reason not to continue cashing in its chips this week. Friday's hefty selloff occurred in a complete optimism vacuum - why buy when unemployment is up, when the dollar won't quit, and when there's naught but dire second-quarter profit warnings in the air? And the bargain-hunters, as a crowd, are a long way from feeling bold enough to rush...
...Wall Street took its first Dow-NASDAQ nosedive in seven sessions Wednesday as the news of Jeffords' defection crystallized; Thursday morning, after the Vermonter's official announcement, the selloff continued. However, it's neither major or endemic, and if it sticks it'll be for different reasons than the state of the Senate - like maybe that stocks' recent rise has been too peppy to last. But for the businesses that found the Bush agenda to be a lot like their own, the news that Tom Daschle is now in charge of the Senate to-do list can't be heartening...
Earnings worries, euro worries, Greenspan worries - they've been dragging the Dow and NADSAQ down, session by session, doldrum by doldrum, for weeks. But throw in some Gulf War flashbacks, and you've got a real live selloff...