Word: bullish
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Dates: during 1960-1969
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...Waxing bullish on Republican chances in Manhattan's mayoralty election next November, F.D.R.'s only G.O.P. son, Manhattan Brokerage House Executive John Roosevelt neglected to cull the army of possible candidates (of which he is one), instead nominated the Republicans' "best campaigner": Democratic Incumbent Robert Wagner, "because of his utter inefficiency, his barren planning, his total lack of leadership, and the long and sorrowful list of scandals that he has permitted to flower during the seven years he has hibernated at City Hall...
From the Commerce Department and the Securities and Exchange Commission last week came encouraging-though hardly bullish-news about business spending on new plant and equipment. In 1960, said the agencies, this spending was cut back only 4%, will run about 10% ahead of 1959. It was the Government's third downward revision-to an annual rate of $35.7 billion-of its original estimate of $37 billion. But the drop-off was so small that it was not a major depressant on the economy. While the report estimated that plant and equipment outlays will slide further to $34.9 billion...
Kaiser is so bullish about Hawaii's future that this year he opened a $13.5 million Permanente Cement plant with a capacity (1.7 million barrels annually) just about equaling the present cement consumption of Hawaii. He is confident that new buildings will rise to use his cement, but his move got him into a feud with Hawaii's powerful Dillingham family, which owns a share of a huge cement plant. Kaiser has also built the $4 million Kaiser Medical Center, the islands' most modern hospital, has built two clinics and is planning a third to accommodate...
...Shorts Must Cover. But what most encouraged analysts was the fact that favorable signs were not isolated but spread across the board. For 15 straight trading sessions, more stocks advanced than declined, thus indicating bullish sentiment. For more than three weeks, stocks that set new highs for the year continued to substantially outnumber stocks that set new lows. Equally encouraging was the fact that the volume of trading expanded when the market advanced, contracted when the market declined. Volume has been healthy, topped 3,000,000 shares on several days...
...shares on Aug. 15 v. 3,058,303 a month earlier. In a short sale, an investor sells borrowed stock in hope that it will go down in price, enabling him to repurchase it at a lower price than he sold it. Paradoxically, a large short interest is considered bullish because those who have sold short must eventually buy new stock to cover the stock they borrowed...