Word: bullish
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...stock market, meanwhile, has turned bullish with the Dow Jones industrial average moving up from around 795 in March to close last week at 857.78. Market players have already bid up issues that represent basic necessities like food, beverages, drugs and household cosmetics, which could benefit from disinflation. Pillsbury has moved from $36 a share to $46 in less than a year, and Procter & Gamble is trading near its yearly high of $87. Canny strategists are focusing on industries that should recover as the recession ebbs. Those include: home appliances, paper, forest products, aluminum and automobiles...
...always felt ours was the only project really going on. The others were simply going through the motions." The company plans to have up to 700 more workers at the shale works by June. In 15 months, its plant should begin producing 10,000 bbl. daily, and the bullish Hartley sees no reason why that could not be expanded at some point...
What Kahn brought back in his notebook was either outright wish fulfillment or a portrait of a whole other America, featuring people far more buoyant and bullish than would seem possible in the midst of a deepening recession. In Pittsburgh Kahn found unemployment, to be sure, but also a labor force with half again as many white-collar workers as blue, an economic fact of life that has helped to cushion the deepening industry-wide slump in steel orders. In Houston (". . . the only place on earth where I have heard 'trillion' used in casual conversation ...") he learned that...
...stuffing its 1,500 retail PhoneCenter outlets with uninspired designer phones in the shapes of Mickey Mouse and Snoopy. Says Rosemarie Tevelow, who oversees Bankers Trust Co.'s investment portfolio of 5.2 million shares in AT&T, the second largest block held anywhere: "I am only modestly bullish on AT&T's future. It is hard for me to put a value on a stream of products as yet uninvented, a marketing operation as yet not in place, and a distribution system that is still largely nonexistent. Conceptually, AT&T's potential is tremendous, just so long...
...Coral Gables, Fla, and Ridgewood, N.J., Bell has been experimenting with so-called electronic yellow pages. Using ordinary telephone lines, this service feeds news and classified ads into subscribers' television sets. Says Morris Tanenbaum, AT&T's executive vice president for planning: "We're very bullish on this...