Word: bearishness
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...were all Latin Americans them selves any less bearish. According to the best estimates, Latin Americans have $11 billion invested abroad and stashed away in U.S. and Swiss banks. How much went out last year is hard to pin down, but U.S. economists think the figure could be as high as $800 million. Said a Quito businessman, with feeling: "If all the capital abroad would return, Ecuador could be very well off. No basic foreign aid would be necessary...
...there were still quite a few bears around, who found things to be bearish about. Since 1900, they argue, the average loss during bear markets has been 42% from the previous high on the Dow-Jones: thus far, the current market has dropped 27%, from its December high of 734 to the June 26 low of 535. The traditional pattern of long-term declines, says Analyst Edmund Tabell, is drop-recovery-drop. The current market, Tabell argues, is a bear that is in its first recovery stage and due for another drop. He expects the Dow-Jones average of industrials...
...there were a few notable bearish growls. Walstorrs Tabell, who last August predicted the current selloff, now looks for a slow, two-stage climb back to about 750 on the Dow-Jones index-and then a slump of even greater severity than the present one. Los Angeles Investment Counselor Richard Ney, who once played Greer Carson's son in Mrs. Miniver and later married her, has been blatantly bearish most of the time since last October...
...manager last week by a "tremendous offer I just couldn't afford to refuse." A.M.C. earnings fell from $48 million in 1960 to $23.6 million last year as spending on production facilities and merchandising was hiked to meet stiffening competition from Big3 compacts. Wall Street analysts are generally bearish about prospects for continued A.M.C. growth. Rambler, they reason, has lost its "uniqueness," and American taste is trending back from the compact toward larger cars. "A.M.C. will have to restyle and shift gears completely," predicted one Wall Streeter...
...next few months. "What we've been seeing," insists Edmund W. Tabell of Walston & Co., "is more of a correction of a ridiculously high market than an anticipation of a downturn in business." James F. Hughes of Auchincloss, Parker & Redpath is equally certain that "people are getting prematurely bearish. The market has one more fling...