Word: walling
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Dates: during 1980-1989
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...feeling must be mutual: before making love to Frank, she strips off her red jacket with the urgency of a lifeguard en route to a rescue. They fight viciously, then lurch into a mad pash. She solders herself to his back; she climbs the wall, elevated by lust. Later, Frank awakes dazed and guesses, "I must have fainted. I'm gonna have to be airlifted to the standing position...
...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...point most thoughtful Wall Streeters agreed: the market had reached such dizzying heights that a correction of some sort seemed almost inevitable. Propelled by favorable economic news and a wave of multibillion-dollar takeovers, stocks had soared more than 1,000 points since the 1987 crash. But by last August some Wall Streeters were clearly worried. Noted Donald Stone, a floor specialist for Lasker, Stone & Stern: "I've been on the trading floor for 39 years, and I've never seen the market go up so fast for so long without a major break." Yet the bulls kept on running...
...looming anniversary of 1987's crash had prompted many on Wall Street to search for comparisons between 1987's boom and this year's. In an investor newsletter dated Oct. 1, Shearson Lehman Hutton cited twelve ways in which this year's rally seemed more likely to last. Among them...
Still, several participants agreed that the contest is a valuable experience for anyone interested in gaining access to Wall Street...