Word: bearishness
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Last July, when all the Wall Street brokers were bearish, you quoted in "Time Clock" [July 13] Analyst Washington Dodge as predicting a big bull market in 1954. It looks as if he should receive kudos. Do you know what he thinks of the market now that it has crossed 300 as he said it would...
People flocked to visit the author of War and Peace and Anna Karenina. They met, instead, a bearded, bearish moralist who had put all such vanities behind him. Most of the trouble in the world, pious Leo Tolstoy believed, was caused by man's passion for burying the Ten Commandments under heaps of verbiage. Educators, churchmen, politicians and pundits of every kind were all dedicated to the proposition that the simple truths of life, death and religion must be twisted into lies. The peasant blouse which Tolstoy loved to wear was not a cover for his body...
Instead of starting the usual summer rally that brokers had expected, the stock market last week saw its sharpest shake-out since May. By week's end, the Dow-Jones industrial average registered a net loss of almost five points. There was just enough bearish talk in the air to make some traders jittery...
...peace rumors set off price breaks in both stocks and commodities, Manhattan's Communist Daily Worker shrilled: "Wall Street shivers with fear at the news of possible peace in Korea." Actually, no news is more bearish for the market than war itself, as the Korean war demonstrated in 1950, when it knocked down stock indexes as much as 26 points (TIME July...
...Sometimes the market's bullish and sometimes the market's bearish," Glenn explains. "You've got t be able to tell the difference when you invest. That's where the Bull and Bear comes...