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And stock prices drop hourly".
"If stock prices drop noticeably more, then the likelihood of consumers' continuing to expand their spending, even at the moderate second-quarter pace of 2.5percentt a year, goes down," he said.
He went on to explain that the companies he followed had their stock prices drop last spring not because their operations were failing, but because market psychology had changed.
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As stock prices dropped, investors shifted their money to the perceived safety of government bonds, and interest rates declined.
Mr. Lerach has made a personal fortune and gained the lasting hatred of corporate America by bringing more than 600 suits against companies after their stock prices dropped.
Their arguments were strengthened through the week as Peruvian bond and stock prices dropped sharply and foreign financial institutions issued risk warnings that threatened to increase interest rates.
Revenue rose at both firms during a quarter that analysts expected to be tough for many Wall Street companies as stock prices dropped, stock offerings were pulled back and the corporate bond market slumped.
For example, between the fall of 1940 and the spring of 1942, the period immediately prior to and after the entry of the United States into World War II, U.S. stock prices dropped swiftly despite a continued revival of economic activity.
Stock prices dropped, along with attendance at the parks.
All of these companies' stock prices dropped Monday.
Stock prices dropped precipitously Thursday on a report that suggested burgeoning wage inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com