Word: bulling
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Dates: during 1950-1959
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Sacrificial Bull...
...truth is that I managed it the first time, as anyone with the merest suggestion of intelligence could. At the level required, the subject matter is necessarily restricted to archaic absurdities that can no longer inspire the young mind, if they ever could: "The sailors sacrifice the bull on the altar of the immortal gods!" This is the sort of bull we have got to be prepared to sacrifice...
...compensation cuts affect substantial segments of the low and middle income brackets, the restless majority recovering slowly in the wake of the recession. But the President is optimistic about business recovery; in fact, he is counting on it desperately to raise needed government revenue. In spite of this emerging bull market, however, he is strangely reluctant to take such measures as restoring the cut in the capital gains tax (which cost the government $4 billion in annual revenue) the Administration made four years...
...year's end some Wall Street professionals worried that the Bull had overreached himself, that the market had gone too high too fast. A few years ago, a stock that was selling for 15 times its earnings was considered expensive. At year's end the price-earnings ratio for industrials on Moody's index stood at 21, and for many stocks it was much higher, e.g., IBM is selling at 47 times earnings. Viewed at current earnings, the market may indeed be too high, reflecting a hedge against more inflation as well as a hope of sharing...
...Consumer. The greatest single force in keeping the recession local-and then turning it around-was the monied U.S. consumer, the same man who, as investor, sent Wall Street's Bull to the moon. By old-fashioned doctrine, recession is a time when consumers cut down their spending. In 1958 the confident U.S. consumer continued to buy, and then some. He became the economic hero of the year-and demonstrated several other facets of the new economy...