Word: boom
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Dates: during 1940-1949
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...Lunched with the New York Stock Exchange's President Emil Schram, heard that the present bullish stockmarket was healthy. But, said Schram, mindful of the bargain boom in "cats & dogs": "I told the President I was determined to keep uninformed people out of the market. I am going to continue to say to people who don't know what they are doing to stay...
...other to promote St. Louis as the "No. i air capital of the nation." Last week Mayor William Dee Becker announced that famed Lambert Field is being expanded to twice its present size, that a second huge air terminal is now on the drawing boards. St. Louis' aviation boom was touched off late last year when the U.S. economic mission to Brazil (TIME, Dec. 7) recommended it as the terminal for a straight-line air route from Rio de Janeiro via Miami and Birmingham...
Wall Street was not rejoicing over this boom in bad bargains. Such buying troubles brokers: it takes little account of intrinsic values. Further, the dogs-once they get out of line-almost invariably fall faster than they rise. As market fluctuations go, cash-&-carry buying itself is safer than margin buying by unsophisticated bargain hunters-though smart-money margin buyers often tend to stabilize the market. But traditionally the cash buyer is the same little fellow who would rather have 100 bad shares at 2 than four good ones at 50. And brokers have an old maxim: the time...
...little fellow came into the market in a big way was when he went broke in the '29 crash-and learned to hate "the interests." The Street would like to see him spend his war earnings on real values this time. But the main significance of the bargain boom was that lots of people were willing to bet good money that the U.S. Government could not check inflation...
Before the current U.S. diamond boom afforded him a job at his old trade, Koltanowski taught chess to children in Milwaukee's public playgrounds. "Chess," he says, "is important in elementary schooling. Youngsters are usually not yet ready for team play, are more interested in expressing themselves. Chess gives them an outlet. It also teaches children to think first and think for themselves." In teaching, Koltanowski makes his pupils move the first chessman they touch, even if the move is a mistake. With Koltanowski opposite, many players have learned by their mistakes...