Word: stockings
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...than a year now, and you get a day that will be enshrined in the history books. Whether it will go down as an economy-shattering debacle or a near miss is something we'll only figure out over the coming days and weeks. The initial reaction of U.S. stock markets - down sharply but far from disastrously at the open on Monday - is that it's the latter. But who knows...
...while the stock market is a handy economic gauge, what we're really caught in now is a credit market crisis, and it is on the credit side that things are really happening...
Harvard’s last fiscal year. While the returns fell far short of last year’s exceptional 23 percent growth, the gains still compare favorably given that they come during a bear market that has seen the S&P 500 index, a standard baseline for stock-market performance, drop more than 13 percent over the same period. The 8.6 percent gain puts Harvard comfortably in the top 5 percent of peer investment groups as measured by the Trust Universe Comparison Service and far outpaces the group’s median return of -4.4 percent over the year...
...promise to reinstate judges dismissed by Musharraf last fall led Sharif's party to drop out of the coalition government, taking with it the highly regarded Finance Minister, Ishaq Dar. The economy, already burdened by skyrocketing food and oil prices, collapsed, and there was a run on the stock market, which had been one of the best-performing in Asia...
...also yet another episode in a now year-old financial crisis that shows no signs of abating. Paulson's announcement briefly rallied stock markets around the world. But jittery investors kept running for the exits at Seattle-based thrift Washington Mutual and the investment bank Lehman Bros.--although Lehman's earnings announcement on Sept. 10 sent the stock up slightly, despite the revelation of a $3.9 billion quarterly loss...