1.   A broad sell-off sent stock prices sharply lower Tuesday, as worries about high valuations and anxiety about corporate profits led investors to pare their holdings.

2.   After paring their holdings to the bone, some money managers specializing in Asia are starting to bottom-fish.

3.   Drug stocks fell after an analyst at Banc of America Securities recommended that investors pare holdings in pharmaceutical companies.

4.   Investors pared bond holdings that week, the Arcata, California-based firm said.

5.   Investors pared their holdings in stocks that may have risen farther than justified by the economic and business outlook.

6.   Some Japanese investors dismissed speculation that Japanese institutions will pare their holdings of U.S. debt.

7.   Still, Ms. Morris said she was paring holdings in Japan a bit, largely because of the price run-up, and adding more in Europe.

8.   Still, Ericson said he pared his holdings of some of the riskiest junk bonds, such as zero coupon bonds and bonds of fledgling telecommunications companies.

9.   Still, several institutional investors said they were wary about the market and could begin paring their holdings.

10.   That helps explain why some traders pared their holdings of dollars today, traders said.