Word: bullish
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Dates: during 1950-1959
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While hedging his bets with diversification, Sir Eric is still bullish on newsprint. In this generation, says he, "three great areas will open up-South America, India and Southeast Asia and China." In Britain itself, where newsprint is still rationed, Sir Eric thinks that demand would soar from 800,000 tons to 2,500,000 tons a year if the papers were to expand to their prewar size. And he is so enthusiastic about U.S. prospects that last week he announced a third paper machine will be added to the Calhoun plant, making it the biggest newsprint mill...
Market Up. With all the bullish news, it was small wonder that the stock market continued its spectacular advance. Last week, following such blue chips as General Motors (up $4 to $89 a share) and Standard Oil of Indiana (up $12 to $95), the Dow-Jones industrial average climbed six points, for a fortnight's gain of 13. At 316.67, it was only 20 points below the alltime high of 381.17 in September...
...children, bought a string of outdoor movie theaters, and a resort hotel in La Jolla, Calif. With Robert R. Young in 1951, he bought control of Seattle's American Mail Line, because government subsidies made it look good. Says he: "I'm always a little bit bullish...
...peak in March. But the effects of the U.S. recession are beginning to be felt. Although Britain's total exports were up in the first quarter, there was a 7% drop from a year ago in exports "to the U.S. Even so, world traders were so bullish on the British economy that last week the pound rose to $2.82, the highest since February 1953 and the limit under present exchange regulations...
According to Marxian dialectic, capitalists foment wars to boost their profits. According to an old Wall Street saw: 'Peace is bullish." Last week the hardbitten traders on the New York Stock Exchange proved the old saying right and Marx wrong. In the first few days after the Korean truce, the Dow-Jones industrial average advanced six points to 275, the highest level in two months, and ended July with the first monthly gain since last December. At the beginning of this week, the average continued the rise...