Word: swung
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Dates: during 1980-1989
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...couple toured the scenic mountains of West Ireland on Friday, Oct. 16, they stopped at Blarney Castle, where Lynch kissed the legendary stone. "All I could think of was the market," he recalls, "as I swung backward, head down, into space, holding onto a steel bar for dear life." He hoped that the stone would give him luck rather than eloquence. But when he called the office that night, he learned that the Dow had plunged another 108.36 points. Worse, Magellan customers besieged Fidelity's 1,500 telephone operators with orders to redeem shares. Net withdrawals on Friday amounted...
...prognosticators have warned that the stock collapse of Black Monday presaged a recession. Others have argued just as vehemently that the crash was primarily a Wall Street event that will have little impact on the economy. No wonder consumers have been cautious and bewildered and the financial markets have swung wildly between hope and despair...
...months Army Colonel Gregorio ("Gringo") Honasan, 39, had profoundly unsettled the Philippines. As the leader of a military uprising that exploded in Manila on Aug. 28, he ignited the most violent fighting to rack the capital since 1945, and nearly toppled President Corazon Aquino. Then, as the Philippine army swung to Aquino's side, Honasan and a band of followers embarked on a dangerous game of hide-and-seek. From sanctuaries around the capital, the colonel issued tirades against the government, castigating it for ineffectiveness in fighting the insurgent, Communist-led New People's Army. The military's inability...
...rock, then announcing famously, "I slept with three, and then I decided the lead singer was the best bet." Getting busted for drugs at Keith Richard's country home in Sussex wearing nothing but a bearskin rug. It was all part of swinging London. But for Marianne Faithfull, it swung like a noose. After the high times of the '60s, the bills came due, and kept coming. Junked out, sleeping in doorways. Long memories and a ravaged future. A lot of history to tell. No last names necessary...
...panic was gone, but not the sense of helplessness. Like survivors of a natural disaster, Wall Streeters swung in a half-rational pendulum of despair and delight last week. Ready for a fresh quake in any direction, investors searched for definite portents in every new development in the U.S. dollar, interest rates and the budget deficit. But if the market was capable of a one- day, 508-point drop on Black Monday, Oct. 19, who could say what it might do next? Some seers thought they knew, yet their conclusions were as contradictory as they were passionate...