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Word: stockings (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Usage:

...what happened on Oct. 19? Basically the scheme was undone by its own success. When the stock market began to dive, all the portfolio insurers started selling futures at once. As the price of the futures collapsed, the stocks followed suit. That triggered further selling by the portfolio insurers, reinforcing the downward spiral. One of the biggest, Wells Fargo, sold $1.6 billion in futures on Black Monday alone. This was more than the market could absorb. Says Capital's Kirby: "It's like a guy driving into a parking lot with the Queen Mary and asking, 'How come these guys...

Author: /time Magazine | Title: The Culprits Behind the Crash? | 1/25/1988 | See Source »

...thing the technique did not do on Black Monday was provide total insurance against a crash. One deeply insured investment fund, the pension plan of U S WEST in Denver, watched the value of its stock holdings shrink from $3.3 billion to $3 billion. Although the company estimates it might have lost an additional $400 million had it not been covered, it no longer insures its pension funds...

Author: /time Magazine | Title: The Culprits Behind the Crash? | 1/25/1988 | See Source »

Regulatory action could make it much more difficult to use portfolio insurance in the future. Last week the New York Stock Exchange announced an experimental ban on certain computer trades when the Dow rises or falls 75 points or more in a single day. Moreover, both the Chicago Board of Trade and the Chicago Mercantile Exchange have imposed daily limits on how much the prices of stock-index futures can fluctuate. But even the Brady task force says it would prefer to let the marketplace make its own decision about portfolio insurance, rather than try to ban it outright...

Author: /time Magazine | Title: The Culprits Behind the Crash? | 1/25/1988 | See Source »

...bull market, David Bloom, 23, stood out as a precocious hotshot. Armed with little more than a good line and glib self- assurance, the son of a Manhattan pizza-restaurant owner persuaded scores of clients to give him some $10 million so that he could play the stock market on their behalf. For some time, Bloom's clients were satisfied: quarterly reports for their accounts showed savvy trades and fat profits...

Author: /time Magazine | Title: The Whiz Kid Who Wasn't | 1/25/1988 | See Source »

...Britpop is lighthearted and featherweight. The producers Mike Stock, Matt Aitken and Pete Waterman run a kind of pop-star atelier in South London, where "we have pretty much a hard and fast rule that no one we work with is over 25. There are too many aging rockers hanging on to the charts." Actually, it was SA&W that had a stranglehold on the English charts for most of 1987. The production team sold 35 million singles and 12 million albums, and they like to say "We are the charts." "They're very contemporary in what they do," says...

Author: /time Magazine | Title: Music: Tunes for The New Ice Age | 1/25/1988 | See Source »

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