Word: bearishness
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Dates: during 1940-1949
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...face of these checks and dampers, Stock Exchange President Emil Schram, a onetime New Dealer with a deep-seated fear of wild speculation, was "not so sure this is anything more than a flurry." The diehards who were clinging to their bearish positions hoped he was right. Broker John H. Lewis, who had been one of the first to see the 1946 bear trend, was still seeing the market in a cold grey light. But he confessed that he was lonely. "Until a few weeks ago I had a lot of company," he said. "Now, I'm about...
...experimenting with aftosa vaccines shipped from The Netherlands and Argentina. If they work against the Mexican virus, and if the government can persuade skeptical campesinos of the necessity of sticking a needle into their animals every six months, Mexico hopes at least to control aftosa. U.S. experts are bearish, point out that the quarantine-vaccination method has failed in Europe. Like most U.S. cattlemen, they believe that the only cure for aftosa is wholesale slaughter...
Stock Tunes. The New York Stock Exchange, "in the interest of encouraging sound investment and responsible ownership of securities," will sponsor its first radio program, a weekly 55 minutes of "good" musical recordings (on Manhattan's highbrow WQXR), beginning the end of this month. Quipped one bearish New Yorker: "The theme song should be 'Where Has My Little Dog Gone...
...this time, you probably know the yarn of the circus bear who ran away and discovered a Law of the Wild that Jack London must have missed: bears make love with a slap. Bongo's understanding of bearish tactics grows through many rounds of grizzly fistienffs, and he finally learns that to court his love, he must make with a right to her muzzle. Add some good tunes to his slaps, and the result is tops. Clumping about in a Northwoods that would make a lumberman's mouth water, Bonge and the bears paw one another sufficiently to reach anybody...
Bearing Down. From April 15 to May 15, the short interest on the New York Stock Exchange jumped about 30% to a total of 1,314,391 shares. It is now the highest since December 1945 and the rise was the sharpest since 1934. Despite this bearish view of the future, the New York Stock Exchange rallied from the year's low. At week's end the Dow-Jones industrial averages were up over three points...