Word: bullishly
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Dates: during 1940-1949
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Manhattan's John H. Lewis of John H. Lewis & Co., who has been a bear for almost three years, had not changed his mind. But he hedged also. Said he: inflation and moderate deficit spending might "become a controlling and powerful bullish stimulant...
Glenn G. Munn of Manhattan's Paine, Webber, Jackson & Curtis seemed bullish. Said he: "Time is running out on this stock market [down] cycle." On the other hand, he was also bearish: "Business may be in a slow-motion rollover into an oldfashioned, spiraling, chain-reaction decline." However, investors should also remember that "we are in ... the Treasury-Keynesian-Keyserling cycle. That means Government intervention-cheating the silly down-cycle from its accustomed brutal innings...
What's a Bargain? Last week, when bear growls could be plainly heard, the bond market was turning perversely bullish. Ordinarily, rising bond prices have preceded bull markets (as bond prices go up and their interest yield declines, common stocks grow more attractive). Last week, with stocks falling, long-term Treasury bonds, which set the bond market trend, rose above their Federal Reserve support-price for the first time since July...
...lines cleared and it began a steady climb. In the busiest session since mid-July, 1,800,000 shares were traded, with such blue chips as U.S. Steel, General Motors, and Standard Oil (N.J.) leading the parade. The Dow-Jones industrial average rose 3.32 points, biggest gain since the bullish days of last July. At week's end, the Dow-Jones average was 190.19, up 9.78 points in twelve days and not far from the year's high...
Less for Clothes. Prospects were not that bullish all around. In clothing, food and shoes, the price trend was still down. Following the lead of Crawford Clothes, Inc. (TIME, Oct. 25), two suitmakers, a shirtmaker, and a big men's wear retailer last week announced price cuts ranging from 6% to 20%. And the Department of Labor reported that food prices dropped 0.6% from mid-August to mid-September, with the result that the cost of living remained the same in mid-September as a month before, ending a steady advance of five months. (The index has still...