Word: bearish
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...cinema set's interminable State of Their Union messages were as bearish as ever. Out of the Manhattan apartment he shared with Actress Rita Gam, 33, stormed Second Husband (and Viking Press President) Thomas Guinzburg, 35-Miss Gam sighed that the trouble "all seemed to date from the time Tom stopped smoking," hoped that the separation would be "only temporary." At the same time, evergreen Joan Bennett, 51, had gotten so used to her longtime on-and-off separation from Producer Walter Wanger, 67, that she decided to file for divorce. "It will all be very agreeable." said...
Last week. Budget Director David Bell told Congress that Kennedy's revision had been none too bearish. Despite a one-shot windfall of $587 million in West German debt prepayment, supplemental highway, defense and space spending will increase the deficit to at least $2.169 billion. Next year will be even worse. Originally figured at $2.8 billion, the Administration's estimated 1962 deficit, in many current estimates, comes out to $4 billion...
...tions set basic price trends for the whole art market, and this inspired them to found a newsletter, called International Art Market, that would guide buyers by supplying prices paid at as many auction houses as possible throughout the world. The first issue shows that about the only bearish thing on the market during the past two months has been armor. At Christie's in London, a recent sale of 358 items brought in less than $34,000; at the Palais Galliera in Paris, on the other hand, someone paid $48,000 for a small Louis XVI table...
...though his figures showed it as early as October) whereas the new bull was not christened until last week by the Dow Theory (see Wall Street). In December, odd-lot sales topped purchases by the biggest margin since 1941, and in recent weeks selling has consistently exceeded buying. "A bearish market psychology," says Drew, "is always true in the initial phase of a market up-pull. In the early stages of a bull market, such as now, the public is disbelieving." The rationale of Drew's theory is that the public simply cannot compete with the trusts and other...
Viewing the week's preponderantly bearish news, the stock market adopted the wait-and-see attitude of most businessmen. After a post-election surge, it dropped off slowly during the week, rallied at week's end to 596 on the Dow-Jones industrial average, down 10.47 points for the week. The big question now is whether the market will stage the traditional year-end rally that it has missed only twice in the last decade...