Word: bearishness
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Dates: during 1970-1979
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...then it was too late. Although Ohira can safely ignore demands that he resign, to form a Cabinet he will probably have to surrender some prized ministerial portfolios to the disgruntled powerbrokers who head rival factions within the L.D.P. Last week the Bull looked corralled and sounded bearish. Confessed Ohira: "I should have been more cautious in bringing up the zozei issue...
...sustained bull market is shaping up. Reports TIME Correspondent John Tompkins from Wall Street: "The mood is in the air, palpable, something you can feel. To be sure, there are some well-known bears who still radiate gloom and even a couple of bulls who have turned bearish. But the consensus is that no matter how bad things look in Washington, the nation and the world, the market is within shouting distance of taking off on a major rise...
When interest rates decline and inflation moderates later this year, the long bearish stock market should rise. The time is not yet at hand, warn TIME'S economists, who recommend putting investment money into high-yielding Treasury bills until the recession bites. Even then, the bulls may not let out a full-throated roar. Warns Pechman: "The fact that we are suggesting that late this year may be a time to buy equities does not mean that equity prices will go through the roof." But, says Beryl Sprinkel, "the cheapest assets in this world today are U.S. stocks...
...that time foreign speculators, anticipating an immediate rush into gold, had bid it up to nearly $200 per oz. At that level, investors remained wary, and within a year the metal slumped to about half its value. Meanwhile, the Dow Jones average, which then stood at a bearish 616, began a rise. Even at last week's fairly modest level of 827, the Dow stocks have done better than gold since the beginning of 1975. The stocks have climbed 34%, while gold has gone up only...
Washington's "other monument" got together with the pop world's rising star, and the talk was strictly bearish. Singer Teddy Pendergrass, a.k.a. Teddy Bear, had stopped off at the Embassy Row home of Alice Roosevelt Longworth to present her with an oversized, cuddly guess-what. The visit was to mark the 75th anniversary of the first Teddy bear, named after Alice's father, Teddy Roosevelt. "It has a great big fat swollen face, with a little mouth on the edge. It's just waiting to be loved," shrugged the tart-tongued Princess Alice...