Word: skittishly
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...Even so, Roth believes Thursday's Dow drop and its new low-water mark will make the next few trading days anxious ones. "It's important psychologically," he says, noting that negative sentiment has kept buyers at bay, and today's technically significant drop could make them even more skittish. Days like this can also be a tipping point of sorts. "It will be important to see over the next week who this motivates, new buyers or new sellers," Roth says...
...anyone has a reason to be skittish about space debris, it's the people of Texas. It's in Houston, after all, that much of what we launch into orbit is monitored. And it's in rural Texas that much of the flaming wreckage of the shuttle Columbia landed in 2003. Sunday morning, it looked like Texas was in the path of danger again, when police received numerous reports of a sonic boom, a visible fireball and debris descending in various spots around the state. That debris, people figured, had to be space junk reentering from Tuesday's collision between...
...giving the green light. And the flirtation with various cease-fire proposals earlier in the week by the man in charge of Operation Cast Lead, Defense Minister Ehud Barak, has prompted a revival within the ranks of the nickname "Zig-Zag" - originally applied to Barak in reference to his skittish diplomacy as Prime Minister in 2000, ahead of the failed Camp David summit...
...Nobel laureates, lost $4.6 billion after Russia defaulted on its government bonds. Long Term Capital Management was heavily leveraged. It had equity equaling only 3% of its assets. That's the equivalent of a $3.3 million home-equity loan on a $100,000 house. When the market turned skittish after the Russian default, the fund had to rapidly unwind illiquid positions, sustaining huge losses in the process. Only a bailout brokered by the Federal Reserve Bank of New York staved off a wider collapse of the U.S. financial system...
...South Korea's government announced it would guarantee external borrowing by Korean banks through June up to a total of $100 billion and to inject a further $30 billion into financial markets. The steps are aimed at alleviating growing difficulties Korean banks have faced getting U.S. dollar financing from skittish international banks. Korea's move followed the lead of other Asian governments. Last week, Hong Kong, Singapore and Malaysia guaranteed all bank deposits, part of a larger effort to rebuild confidence in financial markets. A half dozen Asian central banks, including China's, have cut interest rates in recent weeks...