Word: bullish
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...unsold new homes is currently at its lowest level since 1971 (see chart). Says Robert Gough, a housing specialist with the Massachusetts-based economic fore casting firm of Data Resources Inc.: "Given dropping interest rates and shrinking inventories, a growth in housing starts will have to follow." Other bullish signs include a lofty rise in October building permits, which were a full 60% above the depressed level of a year...
...diners prefer it that way. Says Anwar Soliman, executive vice president for Grace's restaurant group: "You have to look at all these subtleties. It's critical in some places, particularly the Midwest." Soliman predicts that Mexican restaurants will double their business by 1985. Many others are bullish as well. "I don't think it's a fad," says Drexel Burnham's Greditor. "Is pizza a fad?" Says William Trainer, a restaurant analyst for Merrill Lynch: "I think Mexican restaurants have lots of room to grow." Regardless, the onrushing Mexican-food chains have already made...
Jubilant Administration officials saw the rally as a rousing endorsement of the President's policies. Said Treasury Secretary Donald Regan: "The stock market is bullish on America. The seeds of economic recovery planted last year are now bearing fruit." There was more than a touch of irony in the Administration's praise of the stock market's wisdom. Only about 18 months ago, when share prices started falling, President Reagan said, "I have never found Wall Street a source of good economic advice...
...dampening sales. Even so, gas executives remain optimistic. Says George Morrow, president of Natural Gas Pipeline, which is managing partner for the project: "We are looking long term, at markets ten years and more down the road. A future shortage of domestic energy is inevitable, and I am bullish on gas. All is hardly gloom and doom." Observes Anthony Sousa, a member of the Federal Energy Regulatory Commission: "The nation is currently experiencing a surplus of natural gas, but that surplus may prove temporary...
...from the set. But Spielberg had chosen the cast and locations and "storyboarded" the film-devised sketches that approximated virtually every scene the director would shoot. "My taking over had less to do with Tobe's competence," Spielberg says, "and more with the fact that I'm bullish about my ideas...