Word: bearishness
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...Bearish as these statistics were, there were ample other indications that fall business would be good, that the trend is still upward, the trend of prices still toward inflation. Commodities might indeed be falling, but that was a logical outcome of bumper crops which would still leave farmers with the biggest income in years. Industrial and agricultural bank loans attained the highest figure in five years ($620,000,000), while airconditioning equipment production, cigaret sales and electric power output were at all-time peaks. Moreover, retail sales were zooming happily. Payrolls were still fattening. In view of such indices...
...members of the commission finally signed the report, including Robin Hood, secretary-treasurer of the National Co-Operative Council. In contrast to most of his fellow members, Robin Hood was bearish on the future of U. S. coops, pointing out that European co-ops flourished because they satisfied basic economic needs. Concluded he: "It may thus be seen that the chief factors accounting for the remarkable development of consumer co-operation in Europe are: 1) exceedingly inefficient retail distribution ... 2) class loyalty to their own institutions given by repressed industrial workers, who in Europe are not as migratory and mobile...
...week to the Association of Statisticians of American Religious Bodies. They were based on a survey of 1,000 Congregational & Christian Churches made by a Commission on Church Attendance headed by that famed and pious statistician, Roger Ward Babson. Bullish on U. S. domestic economy, Statistician Babson is decidedly bearish on the state of U. S. religion...
...years Bernard E. ("Sell 'Em Ben") Smith has been a $9-a-week brokers' clerk in Manhattan, fight promoter in Great Britain, biggest bear since Jesse Livermore, greatest bull since William Crapo Durant. The commodity in which he is always bearish is hooey. Every time President Hoover and Dr. Julius Klein said things were going to get better in 1930, the profane, pale-eyed Irishman unloaded his stocks. ("Sell 'em," said he. "They're not worth anything.") The commodity in which Ben Smith is always bullish is gold. Only U. S. director of Mclntyre Porcupine gold...
...reported one day last week to be contemplating bankruptcy. The stock tumbled from $8.75 a share to $3.50. Within a few hours the reports were denied, the stock snapped back to $7.50. The New York Stock Exchange promptly started an investigation. But there was real ammunition for bearish rail operators in the fact that Chicago, Rock Island & Pacific did slip into bankruptcy, and Atchison, Topeka & Santa Fe cut its preferred dividend from $5 to $3, first reduction since 1901. Bullish operators joked about Baltimore & Ohio's new-found source of revenue: leasing a locomotive to a Pittsburgh brewery...