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Five-year drop in share value: 68percentt.
Another violent drop in share prices could have disproportionate effects on confidence and hence demand.
Were the sellers responding nimbly to a drop in share prices, or were they overreacting?
Mr. Cooperman said he considered the drop in share price an "overreaction".
Unlike many acquirers that experience a drop in share price after announcing acquisitions, Energy Transfer's shares traded higher on Thursday.
The drop in share of the vote from 2004 has not been replicated by a drop in seats.
Cosmetics giant Elizabeth Arden has reported a 25% drop in share prices and a worrying 28% fall in sales.
Similar(4)
It is the steepest drop in shares in about two decades.
"Since the state didn't have the information that was going to prompt the drop in shares," Ms. Lagarde said, "it wasn't in a position to make, encourage or purposely disclose any embezzlement linked to the drop in shares".
A surprisingly sharp drop in shares of French banks earlier in the day came amid worries that Europe's debt crisis may be spreading to France.
The stock market fell in a broad sell-off on Wednesday, led by a sharp drop in shares of Apple on worries about slowing demand for its products.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com