Word: aubreys
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...Dreyfus financial group sees more records ahead. Said he: "I think you can expect to reach the 1275 level in the middle or the end of October." But some other seers were worried about large federal deficits and higher interest rates. Said David Jones, senior vice president of Aubrey G. Lanston & Co.: "I think the market has run out of steam and won't do much better than 1250, at least by the end of the year...
...Wall Street, the WPPSS (nicknamed Whoops) situation is being compared to the near default by New York City in 1975. Investment bankers are hoping for the best, but some expect the worst. Says David Jones, an economist with the brokerage firm of Aubrey G. Lanston: "This situation is another Mount St. Helens waiting to happen...
Still, not everyone is eager to leap into stocks. Some investors continue to hang back out of fear that the economy will prove weaker than experts now predict. Says David Jones, senior vice president of the brokerage firm of Aubrey G. Lanston: "This is a case where the market is only reading the good news it wants to hear." The bad news that Jones sees is the runaway federal deficit, which might range up to $200 billion in the coming fiscal year. High deficit spending could lead to heavier federal borrowing that would drive interest rates back up again...
This time around, the AST has the services of that wonderful actor Roy Dotrice, whose portrayal of the aging John Aubrey in Brief Lives has, on four occasions, been a peak in my play going experience. If not yet in a class with Kilty and Berry, Dotrice's Falstaff (his first, I believe) is stunning all the same. He is quite at home in Falstaff's language-whether parodistic, satiric, prevaricatory, or just witty-and has amassed a line repertory of gestures and other movements to go with...
Bankers and moneymen are deeply worried by the prospect of a steady flood of gargantuan federal credit demands. Says David Jones, an economist with the New York-based Government securities firm of Aubrey G. Lanston & Co.: "The Administration is doing too much, too fast, by imposing this superdeficit on top of the monetary restrictions needed to wind down a decade and a half of inflation." Adds Philip Hummer, a partner in the Chicago securities firm of Wayne Hummer & Co.: "The financial community gets very emotional about these high deficits. It is absolutely wrong to say that they do not matter...