Word: bullish
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Dates: during 1950-1959
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...Bullish. In Bloomfield Hills, Mich., the brokerage firm of Manley, Bennett & Co., at a party celebrating the opening of new offices, served martinis containing purely decorative olives stuffed with ticker tape...
...from 15¼ to 32¼ in 15 months, Paramount from 30⅝ to 50, 20th Century-Fox from 21¾ to 43½, Warner Bros, from 16⅞ to 40. Though Standard & Poor's recently prepared an analysis warning that movie stocks are "quite speculative," it gave bullish reviews to seven of the ten companies it examined. Says a leading Wall Street movie industry analyst: "There's a great deal of skepticism -but the Street is intrigued...
Just as sharply as it had fallen, the market rebounded at midweek, gained back about 50% of its losses for the week. Steel, which had suffered heavy losses in the dip, sprang back at more bullish estimates of steel production in the weeks ahead. Better October earnings for railroads snapped back railroad stocks. Pennsylvania reported $4,026,319 in October earnings, highest for any month this year and more than twice last October's earnings; New York Central had its best month since December 1956, with earnings of $4,674,110. At week's end the market...
...times earnings at the bottom of the decline last October. But few security analysts are willing to "argue with the tape." i.e., what the market has done in the face of falling profits. As the market has picked up steam, more and more of them have become bullish. Only a minority last winter foresaw the rise. Some of that minority's present opinions...
...MIDWEST is neither as gloomy as New England nor as bullish as the South. One-industry towns such as Flint, Mich., where General Motors' Buick division laid off more than half its work force, have helped peak Michigan's unemployment to 415,000, or 14.3% of the labor force, and the highest figure since the war. Lorain, Ohio, where U.S. Steel laid off 3,500 of its 11,000-man National Tube Division, is also in deep recession. Peoria, Ill., where Caterpillar Tractor Co. laid off 6,000 of its 23,000 men, is getting ready to dispense...