And it could easily have gone the other way into a panic situation.

I don't think of a panic situation ever setting in with our club.

You always believe in yourself, that this is not a panic situation.

"Markets sometimes have a way in panic situations of overdoing things," he said.

He added, however, that "we're not in any panic situation whatsoever."

Put on those terms, it became an interesting gamble instead of a panic situation.

New York waste management officials, who should have begun to deal with the problem 15 years ago, today find themselves in a panic situation.

Well, he would simply have to do his best to avoid panic situations and that was that.

The terrifying thing was that I could see the people and they were in a total panic situation.

This is the time when everyone gets in a panic situation.