Word: bearishly
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Reporters who fought his candidacy now ask with only faint smiles if their income taxes will be checked. Past Mollenhoff victims wonder if rekindled attacks will be forthcoming. A friendly, bearish man off the beat. Mollenhoff is unremitting in his efforts to scourge those who do not meet his standards. Once asked when he would cease hounding a man. Mollenhoff replied, "When he drops." By the time he joined the White House, many were already weary of his zealotry. But with his new powers, Mollenhoff, 48, is a still fiercer hunter. There is even a rumor making the rounds that...
...brokers are strongly bullish or strongly bearish. Those who expect the Dow-Jones average to fall below 800 predict that any new decline will be less violent than the 167-point May-July plunge. Those who expect the July low to stand as the bottom of the 1969 market predict that stock prices will move sideways for a long time until there are solid indications that inflation is being brought under control. Such prospects may be faintly reassuring to the average investor, but they do not promise much chance for speculators to recoup their mid-1969 losses quickly...
Like General Sherman, most U.S. investors are convinced that war is something less than heaven. Last week, ignoring the normally bearish portents of monetary upheavals abroad and higher interest rates at home, Wall Street's customers seized on rumors of brightened peace prospects in Viet Nam to continue the stock market's best rally in more than a year. The Dow Jones industrial average rose four points to close at a year's high of 961.61. All told, the 38-point rise since late April was the Dow's best performance since 13 months ago-when...
...market's N.Y.S.E.'s performance reflected another lively argument-the one among securities analysts about the market's actual strength. Those of bearish mind argue that higher income taxes will shortly begin to quell the consumer buying spree that has kept the U.S. economy humming. As evidence that there is little real steam behind the market surge, they cite the fact that trading volume on the Big Board has slipped below its spring torrent. The bulls point to such rosy predictions as last week's forecast by the National Association of Business Economists that the economy...
...Presidents or a park-bench philosopher who doled out wisdom from a seat in Central Park or Lafayette Square. Admirers tended to forget-Baruch never did-that in the forenoon of that career, he had also been one of Wall Street's craftiest speculators. Baruch could be bearish or bullish. He once sold Amalgamated Copper short and realized $700,000 when Amalgamated reduced a dividend, causing its overpriced stock to tumble. Another time, alerted by a newspaperman that Commodore Schley had beaten the Spanish at Santiago, virtually ending the Spanish-American War, Baruch spent July...