Word: bearishness
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...suffered its worst fall in 26 years. For Wall Streeters the weekend announcement could not have come at a worse time, for the first impulse of thousands upon thousands of small stockholders was to sell. As the selling orders poured in by wire on Sunday to brokerage houses, the bearish pressure on the market built up to enormous strength. By 8:30 a.m. Monday, brokers who hustled into their offices earlier than usual found out how bad it was going to be. In London and Paris, where U.S. stocks are traded, the markets had opened weak a few hours earlier...
...Lowell Master describes himself as "very bearish" about his plan's immediate chance of execution. He was optimistic enough, however, to have asked the University not to paint the Lowell dining hall during the past vacation, as was planned...
...trouble. Some of the reasons listed by 83-year-old Irwin Vick Shannon, once a dean the sunspotters : "Cheap money, huge governmental spending and enormous building activity have largely offset the usual [bearish] effects of low sunspot activity." Nobody thought that stock prices would go up forever. In fact, Wall Streeters were looking for a good-sized "technical" reaction-simply because the market had gone up so fast with hardly a breather. But no one thought that it had reached its peak. Just as Americans had become accustomed to;-an evergrowing economy, there was no reason why stock prices, which...
Investors took the election results as good news for several reasons. The mere fact that it was over removed a cloud of uncertainty-always a bearish factor-that had pushed the market down for five consecutive days the week before. There was no Democratic landslide as had been widely predicted, and that removed another source of uncertainty about possible future policy changes. And most traders thought that since unemployment seemed to have been a key issue in the campaign, both parties would do everything possible in the next two years to see that the economy maintains its current upward curve...
Geyer became bearish in insurance stocks in a big way this year and accordingly went short (i.e., sold to his customers, at current prices, stocks which he did not own but hoped to acquire later on at lower prices). But the stocks did not drop, as Geyer had expected; instead they went bounding up (about 20% this year), as banks and pension funds sopped up the supply. When Geyer tried to cover his position, he found that he could not get the $3 million worth of securities that he owed his customers. Did this mean Geyer was doomed...