A wet dress rehearsal is a run-through of all the processes required before a rocket launch, up until, but not including, liftoff. What makes this simulation wet is that the rocket’s fuel tanks are filled, then drained once the countdown clock...
Obamanomics n.— «What’s the future for Obamanomics? The stock market’s reaction doesn’t bode well. The Dow has fallen 18 percent since the last trading day of Bush’s term.» —“The market’s harsh verdict on Obamanomics” by...
Santa Claus rally n.— «Stocks have lost ground since the Dow rose 19.6 percent from late November to the first part of 2009—a year-end advance often referred to as a Santa Claus rally.» —“Stocks tumble as oil falls on economic...
midnight drop n.— «According to the Dow Jones report, the US Treasury is trying to push the regulations through after months of difficult drafting in the hope of finalising the issue before the Bush administration leaves office at the end...
black swan event n.— «On Black Monday, October 19, 1987, the Dow Jones index, for reasons still being debated, fell 508 points, almost a quarter of its total. (The current equivalent, for comparison’s sake, would be a 3,200-point loss on...
dead check v. phr.— «I witnessed Sgt. (Lawrence) Hutchins dead check the man and fire three rounds into the man’s head.…Then Cpl. (Trent) Thomas fired seven to 10 rounds in to the man’s head.» —“Navy Medic Testifies Against...