Word: bullish
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Dates: during 1920-1929
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...have seen the cycle bring Depression, as have Industrials. British Consols, once the "world's safest security" have depreciated with high interest rates. Last week's lowering of the Bank of England's discount rate to 5% and the shipment of $21,000,000 gold from New York were bullish items on the London market but could not compensate for the collapse in the gigantic Royal Mail and doubts concerning Kylsant, "Lord of the Seven Seas...
...Bullish corporate developments late in the week were many. An extra dividend of 30¢ was declared by General Motors Corp. Radio Corp. of America, long the prime scoffing object of "inflation" criers, showed earnings of $8,729,389 for the third quarter, compared to $1,409,299 in the preceding quarter. Announcement was made that the $250,000,000 patent suit brought by Bethlehem Steel Corp. against United States Steel Corp. had been settled out of court. The Aviation Corp. announced it had used part of its $20,000,000 cash surplus to buy stocks other than aeronautical securities...
...With bullish feeling prevalent, selling of stocks slackened, ended abruptly as the significance of Constructive Factors became apparent. Helping to transform selling into buying was a further reduction ($710,000,000) in brokers' loans, reduction of the rediscount rate to 4½% announcement of a proposed $160,000,000 tax reduction...
...their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover joined the ranks of heroes. No mere bullish oratory, this statement meant Prosperity was expected to remain, meant bigger corporate earnings and dividends, more spending and employing by the rich...
...money market through a tight place, he received general kudos (though it was then that Senator Glass first began to reflect upon "Mitchellism," its nature and evils). But in October Mr. Mitchell arrived home from Europe just in time to anticipate the greatest Market crash in history with a bullish pronouncement. When the banking consortium was formed to halt the panic, it was the House of Morgan that received most of the plaudits; furthermore the bankers did not precisely drop the panic in its tracks...