Word: erraticism
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Melamed contends, with much justification, that crash investigators should look not at the trading pits of the Merc but at the specialist posts on the floor of the Big Board. The specialists are supposed to moderate price swings by "making a market" in particular stocks -- buying, if necessary, when no...
"We think the market action over the next several weeks will be erratic, and by no means is the market embarking on a new bullish phase here," said Jack Baker, head of block trading for Shearson Lehman Brothers Inc. "We wouldn't be surprised to see further slippage in the...
After Yale, Ford worked in the company's engineering department before going into the Navy in April 1941. But in August 1943, a month before his 26th birthday, Ford was released from active duty so that he could return to Detroit to help put the Ford Motor Co. back on...
The show's demise provides CBS News with one more chance to produce an early-a.m. winner. The network brass had raised hackles last year by handing this potentially lucrative time slot to a new production division. Since then, CBS News has been bedeviled by budget cuts, layoffs, a...
But assume, for the sake of argument, that there are regimes -- Hitler's, Amin's, Khomeini's -- whose ends are irrational. It is a mistake to think that because a state has lunatic ends, it must be clumsy, erratic or incompetent in carrying them out.