The market for initial public offerings has languished of late, with fewer than 100 in each of the last three years, including 2003.

But while the short-term market benefited from the prospect of an expected rate cut, the long-term market languished; the 30-year Treasury bond closed slightly lower.

The good news for those who wait is that while the 32-bit market languishes, component prices continue to drop.

However, the market fell nearly 45 percent in October and languished the rest of 1987.

So the market, such as it was, languished in the hands of tiny, back-street booksellers.

Meanwhile, markets in Germany and Japan, the big countries with the world's strongest currencies, have either languished or slumped.

Markets Blue-chip stocks galloped to new highs, but the broader market languished.

That is why Republic has expanded its presence in gold trading even though the market has languished over the last decade.

The newest emerging markets, with all their volatility, are enjoying a burst of growth, while established markets are generally languishing - at least for anyone buying in dollars.

Since then, the market had languished, with periodic rallies occurring on very low volumes.