Word: bullish
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Dates: during 1960-1969
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...night, the owner is found murdered, and his widow (Lee Grant) puts it on the line to the local police chief: no culprit, no factory. But the lawman (Rod Steiger) is no match for the cranky air conditioner in his office, much less a big-league homicide. A bullish, slow-moving redneck, he sees his job as routine peace keeping and keepin' the Nigras in their place...
...office news was bullish at home too, as Valenti issued an annual report-his first and the association's first since 1956. Items...
...corporate and personal income taxes. Speaking to the Toledo Rotary Club, the FRB chairman bluntly urged higher taxes without delay. Moreover, he said he would back an increase even larger than 6%, "if warranted," after Congress makes this year's appropriations. Unlike Ackley, who based his argument on bullish expectations of a strongly rising market for durable goods, a burst of spending for factories, and an early end to the economic drag of falling business inventories, Martin accentuated the negative...
Third Best Year. Wall Street's bullish mood was encouraged by figures from Detroit and Washington. Auto sales, after a 21% decline during the first three months of 1967, jumped sharply in April to a level only 3.4% below their year-earlier pace. "The spring upturn we've been waiting for is with us," says Chrysler Chairman Lynn Townsend, who now predicts that a minimum of 8,200,000 new-car sales will turn 1967 into the third best year in the industry's history. He adds: "People seem to have decided there isn't going...
...However bullish such performances among blue chips may look, high-flyers such as Avco, Syntex and Control Data have actually led the spring spurt. Last week Polaroid (up $10.63), Motorola (up $14.13) and Teledyne (up $15.75) carried on the surge, and IBM shot up a whopping $28.50, thanks to a $17 jump Thursday, to close at a record $496.50 per share. But the industrials are catching up, partly because cash-heavy institutional investors (notably mutual funds) are upping their purchases. "The more the glamour stocks go up," explains Richard Buchsbaum, research director at W. E. Hutton & Co., "the cheaper...