Word: bearishness
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Dates: during 1960-1969
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...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...
...experience in 1964 makes Goldwater an expert on the political impact of the civil rights issue. Thus he was bearish about Romney's chances of disentangling himself in the public's mind from the Mormon doctrine on Negroes. "They can kill you," Goldwater said, "even though your civil rights record, like Romney's, is a good one." The only hope the Arizonan sees for any Republican in 1968 is if "Johnson fails in Viet Nam." Unlike Romney, however, Goldwater's view is that the war "actually seems to be going better now." Indeed, Barry has never...
...extent the Administration wishes. The war in Viet Nam seems unlikely to expand again by major pro- portions, but no one can be sure. The international balance of payments remains a constant problem. In the eco-nomic bestiary, Johnson is trying to be owlish rather than bullish or bearish. "There will," he predicts, "be surprises along...
...investors habitually dump their own shares and shift into funds, figuring that the professional money managers know best. This year investors have bought a net of $2.4 billion in fund shares, but the fund managers have put relatively little of this new money into the stock market. They turned bearish late last year, pared their purchasing in the first half of 1966, and in the third quarter actually sold $300 million more of common stocks than they bought-helping lead the Dow-Jones industrial average to a loss of almost 100 points...
...Cards' statistics are so bearish, of course. Halfback Roland, 23, is the N.F.L.'s No. 1 punt returner at 14.2 yds. per runback. He is a talented passer as well as rusher; against the New York Giants last month he hit Flanker Bobby Joe Conrad with a perfect 40-yarder for a TD. Over the season, Quarterback Johnson, 27, has connected on a respectable 53% of his passes; a cool, methodical signal caller, he invests his spare time at Washington University writing a dissertation on plastics for a Ph.D. in chemical engineering...