Word: bulled
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Dates: during 1950-1959
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...Taipei, Formosa, the China Post reported speculation as to why Dr. Shen Chang-huan had been appointed Ambassador to Spain: "Because the last two words of his name sound like Don Juan; because he knows how to dance the tango; because he was born in the year of the Bull...
...married. Since I, like all other second lieutenants, was always overdrawn at the bank, I decided that I ought to show a little more sense of responsibility. So I began to buy a small insurance policy. Well, I gave up smoking ready-made cigarettes and went to Bull Durham and the papers. I had to make a great many sacrifices to buy that small insurance policy. Then, 30 years later, the company came around to pay it off. It was so small that I would have been ashamed to ask my wife to exist on it for six months...
Germany, which recently cut corporate taxes on dividends from 30% to 15%, the index of average share prices vaulted from $45.24 on last Dec. 30 to $59.29 last week. In Britain, where the bull started putting on meat after the Conservative government lifted restrictions on consumer credit, the stock index piled record upon record all last week, closed 56% above the low of February...
Helping the bull markets is the fact that governments publicly encourage share ownership by the little man. The West German government has begun to sell shares of state-held companies to middle-class investors in a bold step toward denationalization (TiME. April 13). But markets are so thin that a little buying can send a stock to giddy heights. Four-fifths of West German corporate stock, for example, are locked in institutional portfolios. Companies are reluctant to float more because of heavy taxes. Daimler-Benz has 93% of its stock in the hands of institutions and other companies...
Nevertheless, some critics insist that buying a mutual fund is just buying a piece of the Dow-Jones industrial average, point out that the top five common stock funds just kept pace with the averages in the seven-year bull market. But Broker Arthur Weisenberger, the Boswell of the industry, whose brokerage house puts out the definitive yearbook of the funds, argues that an investor could pick a slow mover even in the stocks in the blue-chip Dow-Jones averages. Only 14 of the 30 stocks have done as well as the 229% gain in the averages...