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Rumor-mongering and persistent selling pressure eventually weaken wary investors and depositors.
Analysts said the market's persistent selling was no surprise because earnings remained depressed, jeopardizing the recovery investors had hoped would happen in the second half of 2002.
The Nasdaq stock market, enduring its most persistent selling pressure in more than six years, has now returned to the lows of six months ago, when panic briefly gripped investors.
Lower share prices after four weeks of persistent selling as well as an upbeat outlook from the restaurant group led by McDonald's ignited the buying, which accelerated throughout the day.
Bonds and stocks rallied in March, but persistent selling rattled the markets in the first two months of the year, as oil prices slid and concerns mounted over China's slowing economy.
Persistent selling by central banks bent on diversifying their reserves depressed its price.
Similar(48)
¡Andale! 3 p.m. 1) SWEET AND SPICY SQUARE The way to Oaxaca's heart is through its zócalo — the leafy, cafe-lined central square where you'll find canoodling couples, shoe shiners, occasional demonstrators, street clowns, xylophonists and persistent peddlers selling hand-carved combs and hammocks.
The reputation of high street banks is at an all-time low, following the banking crisis, persistent mis-selling scandals and, most recently, the Libor fixing.
It's a persistent theme, the "sell less records" oblation.
However, INM did eventually accede to one persistent O'Brien demand by selling off The Independent titles in Britain.
Persistent reports of farmers selling livestock and even their daughters in marriage to meet debts tell of desperation.But if opium-farmers often seem the hapless victims of circumstance, their estimated $500m in combined annual income is dwarfed by the $3.5 billion smuggling and refining business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com