Word: bulled
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Dates: during 1950-1959
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...blue chips. Chrysler fell ¾ points to 68, A.T. & T. 71 to 148, General Motors 6⅝ to 85, U.S. Steel 3 points to 31. The Dow-Jones average dropped a frightening 8 points, to 206.33, scaring even those calm investors who had piled up paper profits during the bull market into selling and taking what profit remained...
...next day, the big investment trusts began to buy. The market climbed to 209.08, and some traders thought the war hysteria had finally spent its force. At the start of this week, trading was light. Down some 19 points from the bull market high, the market had lost in one week all the progress it had made in five months. An estimated $8 billion in paper values had been wiped...
...Scared Bulls. The market had cracked because investors well knew that business, under wartime excess-profits taxes, could not maintain its current peacetime profits. For example, General Motors, which is earning at the rate of $20 a share this year, earned a maximum of only $3.68 during World War II. Studebaker, earning at the rate of $12 a share, had a wartime peak of $1.74. U.S. Steel, now earning at the rate of $6.56, earned only $5.29 in its best World War II year. The facts were that the blue-chip companies whose stocks had led the bull market...
...painted Guernica for the Spanish government building at the Paris World's Fair. The mural, done entirely in black, white and grey, symbolized the bombing of a Spanish town by German planes. Brutally ugly, it mixed classical analogies with a suggestion of crumpled newspapers and memories of the bull ring. Goya himself never painted a darker evocation of war's horror...
...bull market got its hardest jolt in five months. In three days last week the Dow-Jones industrial average dropped from its so-year peak of 228.38 to 222.44, just about where it was before the fast climb a fortnight ago. Most traders thought the slump a healthy sign, since it failed to produce any heavy selling. In fact, the volume of trading dropped off each day the market fell. Since the rest of the economy was still running at high speed, the bulls were still unworried...