Word: bearishness
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...Minister have nicknamed him "Grim Grom" for his stony demeanor and negative responses to pleas for Soviet compromise. Says a U.S. diplomat: "He loves to put you on the defensive." At his last meeting with Gromyko, this past January in Stockholm, Shultz found his Soviet counterpart in such profoundly bearish spirits that he decided against bringing up an exploratory arms-talks proposal, which he had been authorized to present only after considerable infighting within the Administration. A display of Grim Grom behavior at the White House would almost certainly strengthen the hand of the Pentagon hard-liners in a second...
...usually no more than the projection of trends observable in the present onto the future in a straight and uninterrupted line. Therefore, the worse it is, the worse it will get. It has been noted that investment advisory services grow in bullishness as the stock market rises, and turn bearish as it goes down. In other words, they do not really anticipate events, they retrace them. Although predictions of this sort appear to look ahead, they are, in fact, always gazing backwards...
While bullish on high living, they tend to be bearish about managing their $4 billion portfolio. By switching from stocks to bonds in a timely fashion, they were able to outdistance most of their competitors during the market slides of 1974, 1977 and 1981. Last year, however, their performance was lackluster. Ever the pessimists, they underestimated the length of the stock rally and sold out too soon...
Right now Biggs is particularly concerned about the headlong rush to high-tech stocks. He calls this "classic overspeculation," yet he is not bearish about the overall market trend. He foresees some degree of correc ion, but not the 10% to 15% anticipated by many of his Wall Street colleagues. He still strongly favors blue-chip companies that will benefit most from a slowdown in inflation: IBM, GE, American Bell and 3M. Lower oil prices and interest rates, he says, could keep the bulls going. Biggs last week, using Churchill's famous quote, said the bull market...
Junior halfback Steve Ernst coming off the bearish for the first start of his Harvard career, also had an excellent day in the halfback slot, blocking for Granger and running the ball (18 carries for 60 yards...