Word: bearishness
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Dates: during 1930-1939
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...enaction of a quota system did not seem immediately probable last week, U. S. motormakers, anxious to offset declining sales at home by expanding sales abroad, were worried by possible spreading of the tariff wall against cars and parts. And business conditions in Europe were another source of anxiety. Bearish items of the week included the dismissal of the entire production staff (600 men) from the Ford plant in Spain...
...have been 80%. On the other hand, the news that the telegraph and cable business showed upturns in April, the former now running better than a year ago, was just as decidedly bullish as the report that hardware payrolls in March were off 20% from a year ago was bearish...
Later in the week a bearish development came in the sudden renewal of the Standard of New York-Shell conflict in the Far East. First intimation of this was a report that Shell, which recently cut kerosene in the Far East by 40%, had slashed gasoline from 27½ to 19? in the East Indies. A probable cause: Standard has signed a $25,000,000 contract for Soviet refined products. It was this buying of what Shell calls "stolen oil" that precipitated the conflict between the companies three years ago. Complicating the affair this time is Shell's recent...
...bullish item last week was an extra dividend by National Lead Co., together with profits of $10,000,000 against $6,000,000 in 1928. But in the statement of Lead's president, Edward Joel Cornish, were bearish notes. Sales of babbitt metal, of which this company is the largest manufacturer, dropped 35% in December and 45% in January, compared to a year ago. Since babbitt metal's chief use is in factory wheels, it is evident that the wheels have slowed...
Prophecy is no new business for Professor Fisher, whose last previous prophetic utterance, however, proved false. Last fall Professor Fisher was prominent among the bull economists who saw no evil in the bull market. He scoffed at bearish forebodings, and even after the bull market had broken he compared its collapse to the failure of a fundamentally sound bank, wrecked only by a psychological "run" of frightened depositors. Professor Fisher's imperfections as clairvoyant were quickly recalled by a rival prophet, Roger Ward Babson of Babson Park, Mass., who said: "It should be recognized that he [Fisher] has changed...