Word: bearishness
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...specere, to see. In ancient Rome the appearance and behavior of birds-whether they were eagles, vultures, owls, crows, or ravens, which direction they flew, how they ate grains of corn-determined whether public assemblies should be held, whether armies should attack, whether merchants should be bullish or bearish...
...weeks after he announced that the greatest bull market in history had ended: "On the late Charles H. Dow's well-known method of reading the stock market movement from the Dow-Jones averages, the twenty railroad stocks on Wednesday, October 23 confirmed a bearish indication given by the industrials two days before. Together the averages gave the signal for a bear market in stocks after a major bull market with the unprecedented duration of almost six years...
Franklin Roosevelt's new Ambassador to the Court of St. James, Joseph Patrick Kennedy, made his maiden speech before the American Club of London. Said he of the U. S.: "As many of you know, I have been bearish for a year. I feel a little ashamed of it when I see what confidence Europeans have in my country's future." Said Bullish Joe Kennedy of Europe: "There will be no general European war for the rest of this year at least...
Reports from the first 21 firms to announce third-quarter earnings last week showed a 7.5% average increase over the same period last year, promptly gave the lie to bearish indices. Among these earnings were Union Oil of California up from $2,400,000 to $3,650,000; Continental Baking from $1,020,236 to $1,201,992 (a 13 weeks' report); American Light & Traction from $5,368,893 to $5,919,580; Westinghouse Air Brake from $1,153,091 to $1,846,833; Electric Bond & Share from $2,431,460 to $2.571,601; American Chicle from...
Taken alone, a general decline in commodity prices is a black, bearish, omen, for in the long run it indicates a dwindling world demand for goods. The present decline, however, seemed to be more of a temporary readjustment after manufacturers had been scared into overbuying early this year, both by fear of further rises and by fear of strike stoppages. For no unmanageable surpluses overhang markets, and if goods continue to go into consumption at close to the present rate, manufacturers may soon use up the materials they have on hand...