Word: unload
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Program trading may bring a safe return for its participants, but it creates distress for other, unsuspecting investors. As traders load or unload enormous amounts of stock, they can magnify the rise or fall of the market. Sharp volatility has occurred at the so-called triple witching hour (on the third Fridays of March, June, September and December), just before stock-index futures and two related types of financial instruments expire at the same time. That is the last point at which arbitragers can decide what to do with the stock they have accumulated, and their herdlike decisions have often...
...prerecorded music. Socks and stocks is the nickname for nonbanking companies like Sears that offer financial services. Daddy Mac is not a new kind of hamburger but rather a shared-equity mortgage in which parents become co-owners of their children's home. Missionary selling is trying to unload products to consumers who may never have seen them before...
Sitting more or less alone in his suite at a luxury hotel in the French lakeside resort of Talloires, Jean-Claude ("Baby Doc") Duvalier remained a tyrant without a country. France's government, waging an uphill battle to win legislative elections next month, is anxious indeed to unload the former Haitian dictator. With here's-your-hat bluntness, Prime Minister Laurent Fabius snapped, "We want him to leave as quickly as possible." The U.S., which provided a military transport to fly Duvalier and his entourage into exile three weeks ago, refuses to give Baby Doc asylum. Liberia, the only nation...
...next twelve months to trim its obligations. Chevron borrowed $10 billion to acquire Gulf Oil last year, and it too has been forced to cut back. The California giant is negotiating the sale of a majority stake in Gulf's Canadian operations for $2.5 billion, and may unload more property by the end of the year. The proceeds from all such transactions will go to pay off debt...
...recriminations were severest at the staff level, precisely where much of the sloppy work in preparing the trip occurred. One Kohl aide, noting the standard line among U.S. officials that they were "following the wishes of our host," declared acidly: "The White House just told the manure wagon to unload at our back door...