Word: midafternoon
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...There are some minor precipices already in sight. After the selling picked up speed heading into the bell, the NASDAQ closed down 171 points to 3028 by midafternoon, is rubbing right up against the 3000-and-change barrier that technical analysts say is poised to give way. And the Dow, down 231 to 10,602, may soon encounter a similar problem with...
...Seoul, and on Sunday morning of June 25, 1950, I'd been trying to get a patch of grass growing outside the Japanese-style house where I lived with my wife and three small children when a breakfast-time call came to get in to the office quickly. By midafternoon, trucks loaded with South Korean soldiers holding branches over their heads, as if those sprigs could camouflage them from enemy aircraft, were lumbering through Seoul's dusty, potholed streets. And by nightfall, evacuation of embassy families had begun. Fortuitously, a Norwegian freighter with accommodations for 12 passengers lay at anchor...
...midafternoon, as we skirted the broad waters of Lake Pontchartrain, we saw Spanish moss everywhere, dangling from cypress branches like the long, pointed beards scholars wear in old Chinese paintings. Herons and egrets waded, and turtles sunbathed amid fan palmettos and water hyacinths that sprouted from the water. It was a breathtaking contrast to the icy shores of Lake Michigan we had left behind 20 hours and nearly 1,000 miles...
Chris Rock just got his butt whupped by a woman. It's midafternoon at the Chelsea Piers boxing facilities, and Rock is shooting a taped piece for his eponymous HBO talk show. The idea: Wouldn't it be funny if Rock went around New York City gyms looking for the next Great White Hope? The twist: he runs into female boxing champ Christy Martin, and in a staged fight, Rock gets knocked around the ring as if he's a shoe in a clothes dryer. Now Rock is seated on some bleachers, catching his breath. After a few minutes, Martin...
...tame inflation report made it apparent that the Fed would raise rates once, and just once, when it meets this Tuesday, the markets finally got used to the idea on Monday. The Dow came charging out of the gate to steam up more than 130 points, and after a midafternoon lull sprinted through the tape at 199.15 ? well into record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally. "It?s not so much whether Greenspan raises rates or not, it?s how sure they are that they know what he?s going...