Word: bullish
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Dates: during 1980-1989
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What worries many seasoned professionals is a dangerous contradiction: a bullish investment fever at a time when real-life economic problems like the trade deficit are getting worse. Says Investment Banker Felix Rohatyn: "If the reality doesn't get better but the myth becomes more and more insane, then the correction is going to be more and more violent." While no direct tie exists between stock-market crashes and depressions, a shattering of Wall Street's confidence would deliver a sharp psychological blow to the rest of the population. Adds Rohatyn: "People will only wake up when one morning they...
...which fetch prices up to $1,200 apiece. "Everywhere I go now, it's 'I want a Spuds dog,' " reports Evelin Jackson, executive secretary of the Bull Terrier Club of America. Inquiries are up 75% at Jerry's Perfect Pet Shop in Dallas. Customers in St. Louis are so bullish that Petland had to put the dogs on back order...
Sofer, the son of a noted rabbi, is a silver-haired bachelor known for squiring an array of beautiful women around Jerusalem. He began building his fortune in the 1970s by discovering oil in the Sinai peninsula, then racked up more profits by speculating in the wildly bullish Tel Aviv stock market of that period. Sofer today maintains a suite in the Jerusalem Hilton, which he bought in 1982 for $18 million in partnership with a group of U.S. investors, among them Fort Worth Oilman Louis Barnett. The SEC claims that Sofer shared his illegal stock tips with Barnett...
...borders at a record rate. Spanish businessmen are already looking ahead to an expected bonanza from the 1992 Summer Olympic Games in Barcelona and a Seville world's fair that year to commemorate the 500th anniversary of Columbus' first voyage to the Americas. The mood in Spain is distinctly bullish...
...switching to a special U.S. Government aircraft for the cross-country flight to Washington, the Philippine leader charmed White House officials with her simple, direct manner. A private meeting with President Reagan that had been scheduled for 15 minutes stretched out to 45, and afterward Reagan declared, "I'm bullish on the Philippines...