Word: bullish
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...bear market? Or that a good deal of the damage hasn't already been done? (The Dow is near its all-time high, but many lesser stocks are off 20% or more.) "Our Fund Timing Index has risen to its highest and most bullish level in history," reported a recent issue of Norman Fosback's Mutual Fund Forecaster, which looks for a 32% rise in the market over the next twelve months. Sure, Wall Street seems gloomy these days, says Fosback, but that's the time...
...Laurentiis now faces enough doubters to populate a biblical epic. Most of the independent film companies that a bullish Wall Street took public in the mid-1980s -- Cannon, Vestron, New World, Kings Road -- have either passed into bankruptcy or deep financial trouble. But none have burned through as much money in so short a time -- without even a near hit -- as De Laurentiis. Worse still, few if any ventures contained such a web of insider-enriching transactions. Stockholders of DEG, who saw their shares plummet from a peak of $19 to less than 40 cents, have responded with fiery class...
...says Harold Sack. But, he adds, "American furniture is not a speculative market. It is a long-term equity investment. People who plan to turn it over in ten years might well be disappointed." While prices could falter if the U.S. economy runs out of steam, most investors are bullish on Early American masterpieces. "When you get a few billionaires competing," says Harold Sack, "$12 million will seem like a bargain...
Petroleum and heating-oil traders were equally bullish. The price of home heating oil for January delivery rose to a 3-year high of more than $1 per gal. in the futures market. Retail prices are soaring. In parts of the . Northeast, consumers are paying as much as $1.40 for a gallon of home heating oil, up more than 40 cents in three weeks...
...Most Bullish Stock Market. Hardly daunted by such trifling matters as the 1987 crash, the Tokyo Stock Exchange zoomed to 38,040 points on the Nikkei average last week, a gain of 500% from the start of the decade. By comparison, Wall Street's Dow Jones average rose...