Word: biel
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Presumably, both the Fed and the Administration are very aware that a margin cut does not by itself produce any sustained market advance. ''People don't lack the money to buy stocks; they lack the desire," says Heinz Biel of Wall Street's Emanuel, Deetjen & Co. Many Wall Streeters, in fact, believe that most of last week's rally was just a continuation of one that started a week earlier, and they look for it to peter out somewhere between 600 and 635 on the Dow-Jones average. The margin cut has done nothing...