Word: walls
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Dates: during 1980-1989
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...many investors, the most disturbing aspect of the Wall Street slide was its breathless speed. "We have a history of market bubbles and panics," says Allen Sinai, chief economist for the Boston Company Economic Advisors. "But because of the advance in communications, corrections that used to take days, weeks or months now take minutes. Any positive or negative events get communicated in seconds." Sinai added that while "a drop of 190 points is shocking and a source of great anxiety and nervousness, it doesn't suggest that the sky is going to fall. The lesson of 1987 is that financial...
...Wall Street, Washington and investors around the world will be watching the market with nervous anticipation to see whether it can shake off its anxiety attack. The Federal Reserve will monitor events carefully to determine whether it should come to the rescue with a dose of easier money, as it did in 1987 to restore confidence. One fervent hope was that high-rolling investors would come roaring back into the market, looking for bargains. But while it was easy to attribute last week's chiller to everything from program trading to superstition about Friday the 13th, there was a deeper...
Sober analysts and perhaps Wall Street investors may be disturbed by Washington's status quo politics, but most Americans remain in a cautious, conservative mood. They seem even more detached than usual from combat in the nation's capital and content with George Bush's bland stewardship. A TIME/CNN poll last week demonstrated that Bush and the Republican Party have prospered dramatically in this atmosphere...
...concrete wall of an underpass on Rakoczi Street in Budapest, someone has scrawled in black crayon DOWN WITH COMMUNISTS. Two years ago, such a sign of opposition would have been quickly removed by Hungary's Communist rulers. Now the graffiti not only survive, but the Communists are saying much the same thing themselves...
BUSINESS: The stock market posts its worst loss since the '87 crash as Friday the 13th stirs panic on Wall Street...