Word: bulling
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...advance was fueled by the billion-dollar money managers who handle the investments of pension funds, insurance companies and bank trust departments. By the end of the year, even the most cautious of these institutional investors were under pressure to join the rush rather than risk missing the greatest bull market of all time...
Many market watchers believe the rally will keep rolling in 1986. Says Mason Sexton, president of Wall Street's Harmonic Research: "You don't stand in the way of this bull if you value your life." He thinks the Dow will probably pierce 1600 before declining grudgingly. David Bostian, president of Manhattan's Bostian Research Associates, is optimistic about the longterm outlook for stocks but warns that the bulls may stumble in the next few months. Says he: "We're way overdue for a steep correction. An investor should not be doing aggressive new buying...
Though the 39.10-point one-day drop in the Dow beat the mark set in 1929, the decline is not comparable to the Great Crash. Experts maintain that it is a temporary pause in the bull market. A court decision leads Kodak to stop production of instant cameras and film, leaving the field to Polaroid. The Federal Reserve cracks down on the use of junk bonds in takeovers...
...machine first started to crank up in 1982, when oil prices began to fall. Cheaper energy helped pop the inflation bubble, which in turn enabled Federal Reserve Chairman Paul Volcker and his counterparts in other countries to let interest rates decline. That development sparked a long-running bull market on stock exchanges from Wall Street to Tokyo. And when oil prices went into a steep decline over the past three months, the boom machine shifted into high gear. Says James Sweeney, director of the Center for Economic Policy Research at Stanford University: "We see a significant number of happy events...
...seven films in black and white, sees colorizing as "mutilating a work of art and holding the audience in contempt. I hope people will rise up and put a stop to it." Billy Wilder puckishly sees the debate as a "black-and-white case of logic." Martin Scorsese (Raging Bull) is worried that the process will be used on less popular movies that "would be totally changed and destroyed by color. It would be insane to do this just to get a bigger audience." Says Director Jeremy Paul Kagan: "It's as if somebody put blue eyes on David...