Word: stockings
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...have a more dramatic immediate impact. "Given what the Fed is doing now, I wonder if we even need the $700 billion,"Siegel says. If the Fed and Treasury steps turn out to be effective, the market could turn the corner sharply. The most dramatic growth in U.S. stock market history took place between 1932 and 1933, out of the depths of the depression...
...about 30 minutes on Tuesday, the Dow Jones Industrial Index gained back close to half of yesterday's loss, which included the biggest point drops in more than 20 years for most of the world's major stock indices. But investors could not look past the struggling U.S. financial sector, nor the overleveraged European banks. Very quickly, they sent the Dow on a day-long 500 point plunge - with it and the S&P 500 hitting five-year lows...
...this took place a day after many of the world's major stock indices had experienced their largest percentage point drop since the October 1987 crash. American investors, it seems, are still worried about what may be on financial companies' balance sheets. The ad-hoc nature of the European response to its banking crisis has also raised concerns. Investors were clearly worried that even if a global financial meltdown is averted, a broad recession may be inevitable. And so, as governments attend to one crisis, the markets discover another to fret about - and the cycle of panic continues...
...used to be taken for granted that the world’s affluence depended on America’s financial health. On Black Monday in 1987, stock markets around the world crashed as if by coordination. Plausibly, the U.S. crisis has so far been, in medical terms, “subacute,” but credible signs of exacerbation might soon depress the mood of even the darkest pessimists. September 29, 2008 is already featured in databases listing the most significant days in the stock market’s history...
After the volleys of tear gas cleared, members of the PAD regrouped around parliament and Government House, still vowing to keep up their protests. But six weeks of an opposition siege have left many Thais weary of the prolonged anti-government action. The country's stock market continues to swoon, with the benchmark index down nearly 40% since the PAD began its protest movement in late May. At a time when the government should be focusing on insulating the country from the global financial crisis, it is instead dealing with a clutch of protesters who want to replace...