Word: sells
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...immediate miracle", and many more trials and jittery nerves would have to be overcome before the nightmare of the past months would be over. Still, the mere framework of a strategy proved sufficient to calm the fear that that drove last week's panic-driven sell...
...views. Haider also inherited a $16 million mountain estate in Carinthia with a controversial past: his great uncle had purchased it from an Italian Jew forced to flee Austria in 1940. Critics said that the price of the land was artificially low because its owner had been forced to sell, a view Haider disputed...
Friday's international contagion of bearishness was inspired by Thursday's sell-off frenzy in New York City, which drove the Dow Jones index down 7% and neatly erased $872 billion of value from company and shareholder books. Fears that Wall Street would suffer another battering session Friday proved founded, as the Dow traded sharply down in the morning. Observers short on rational explanations for the nosedive could find solace only in the calendar: at least trading ceases on weekends...
...developments only a few months ago. Yet markets are so spooked that they're driving indexes into the ground and thereby increasing the chance of general economic contamination. "We're back to the most basic behavior of stock markets: people buy when they see everyone else buying, and they sell when everyone else is selling," says Naudé. "Confidence is gone despite the generally quick and positive intervention by governments...
...sell-off will end eventually, one way or another. Governments could follow the nerve-racked Russians and suspend trading altogether, in a bid, as Touati says, to stop "markets from sawing off the branch they're sitting on." The more likely solution, Touati predicts, will soon come as "smart and steely investors realize selling now is a sure way to lose, while buying now will determine who the big winners tomorrow will...