Word: tickered
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...skating rink into a frozen map of the U.S.; the states will turn red or blue this evening as the election results are announced. In front of the art deco landmark, a gigantic TV screens display footage of the past 20 months of the campaign as The Today Show ticker streams news updates across the street. Tourists mill about in campaign buttons and patriotic outfits, posing for photos with the Republican donkey and Democratic elephant as if they were Disney World characters at the Magic Kingdom. Both animals seem to be equally popular, although based on the number of campaign...
...rang at 3 p.m. people were shaken. No one was sure what had just happened, but that evening provided enough time for fear and panic to set in. When the market opened again the next day, prices plunged with renewed violence. Stock transactions in those days were printed on ticker tape, which could only produce 285 words a minute. Thirteen million shares changed hands - the highest daily volume in the exchange's history at that point - and the tape didn't stop running until four hours after the market closed. The following day, President Herbert Hoover went on the radio...
...heard on Black Tuesday because the shouts of "Sell! Sell! Sell!" drowned it out. In the first thirty minutes, 3 million shares changed hands and with them, another $2 million disappeared into thin air. Phone lines clogged. The volume of Western Union telegrams traveling across the country tripled. The ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true...
...over the last year, make you want to drive a car off a cliff? Well, you could always, as so many investors do, try to forget your sorrows by pouring your passion into your favorite football or baseball teams. Or, you could buy some shares of LeBron James (ticker symbol: KING), who was up almost 400% on October 2. Or grab PMAN (no, not that's shorthand for notorious footballer Pac-Man Jones) the ticker symbol for Peyton Manning, up nearly...
...Additional photo credits -- Paulson: AP; AIG Ticker: Andrew Harrer / Bloomberg / Landov; Lehman: Getty; Federal Reserve Bank of New York: AP; Foreclosure: AP; AIP sign: Getty; Dow Jones...