Word: ticker
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Dates: during 2000-2009
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...rang at 3 p.m. people were shaken. No one was sure what had just happened, but that evening provided enough time for fear and panic to set in. When the market opened again the next day, prices plunged with renewed violence. Stock transactions in those days were printed on ticker tape, which could only produce 285 words a minute. Thirteen million shares changed hands - the highest daily volume in the exchange's history at that point - and the tape didn't stop running until four hours after the market closed. The following day, President Herbert Hoover went on the radio...
...heard on Black Tuesday because the shouts of "Sell! Sell! Sell!" drowned it out. In the first thirty minutes, 3 million shares changed hands and with them, another $2 million disappeared into thin air. Phone lines clogged. The volume of Western Union telegrams traveling across the country tripled. The ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true...
...over the last year, make you want to drive a car off a cliff? Well, you could always, as so many investors do, try to forget your sorrows by pouring your passion into your favorite football or baseball teams. Or, you could buy some shares of LeBron James (ticker symbol: KING), who was up almost 400% on October 2. Or grab PMAN (no, not that's shorthand for notorious footballer Pac-Man Jones) the ticker symbol for Peyton Manning, up nearly...
...Additional photo credits -- Paulson: AP; AIG Ticker: Andrew Harrer / Bloomberg / Landov; Lehman: Getty; Federal Reserve Bank of New York: AP; Foreclosure: AP; AIP sign: Getty; Dow Jones...
...timely, given the Obama candidacy, but in Don's world, Camelot is less about hope than about anxiety, not a magic kingdom but an invading force. Even the return of space hero John Glenn annoys Don's boss, Roger Sterling (John Slattery), a WW II vet. "I'd like ticker tape for pulling out of my driveway and going around the block three times," he grumbles. "It's not like people were shooting...