From Deseret News archives:
Even using the word 'crash' causes some nervousness
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Seth Glickenhaus, a 94-year-old money manager who worked on Wall Street in 1929, used the euphemism "break" to describe the 1929 crash in a recent interview with the Journal.
At CNBC, anchor Maria Bartiromo asked a guest Thursday, "I'm reluctant to use the word, but do you think this is a crash?"
Her guest, Bob Doll, chief investment officer of BlackRock Inc., the largest publicly traded U.S. money manager, replied: "Yeah, I guess we have to call it that, Maria. That's a lot of percents in a short period of time. We're down a bunch, and it's been relentless."
Jonathan Wald, senior vice president for business news at CNBC, said Friday, "Anytime you do the math, when the Dow is down that much over a period of days, it's a crash. It's a word we don't like to use very often because nobody likes to see it, but when it happens, you can't avoid it."
On the morning after Black Monday in 1987, the Journal shocked many readers when it boldly used the word. Its lead article began: "The stock market crashed today."
A Journal spokesman did not immediately return calls Friday.
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