YANGON, Myanmar — Myanmar's military government has quietly begun the largest sell-off of state assets in the country's history, including more than 100 government buildings, port facilities and a large stake in the national airline, diplomats and businessmen here say.
But the good news was tempered by United's warning of weaker earnings in the current quarter, igniting a large sell-off of airline stocks, led by UAL.
But United also warned of weaker earnings in the current quarter, touching off a large sell-off of airline stocks, led by UAL, which fell $5.9375, or 10percentto to $53.3125.
Shari Redstone and her father, Sumner M. Redstone, appear to be battling in public again — this time over the reason for a large sell-off of shares by the family company, National Amusements.
In the stock markets, where "rat traders" and "black mouths" routinely make headlines with insider trading scandals and "pump-and-dump" schemes, in which stocks are aggressively sold to small investors to increase the share price before a large sell-off, Mr. Guo has his work cut out for him.
In order to avoid forcing an even larger sell-off than has anyway happened, it has relaxed its so-called "resilience" test, which is intended to guarantee that insurers have enough assets to cover their liabilities, three times over the past 18 months.
This was a logical place for a break and Friday's large sell-off confirmed this.
If the last week of October has given any indication of what investors should expect as we head into November, it's "buckle up, this could get bumpy!" The VIX, the CBOE's market Volatility Index, went wild last week, rising from 22 on Monday to above 30 by the end of Friday's large sell-off.
The QQQQs have had four large sell-offs on large volume -- two of which occurred today.
Then, at 2 20 p.m., a large sell-off sent the stock's price plunging more than 25percentt.
"The markets were hoping for detailed programs, and they expressed their disappointment with Geithner's vacuous speech with a large sell-off," writes Barofsky, 42, a former Manhattan federal prosecutor.
