Word: bullishness
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...Headlong "Bull" Halsey had forged a powerful weapon in the Solomons, had wielded it with skill, daring, many sulfurous asides (a public-relations officer had finally been assigned to clean up his bullish predictions, screen his football-field bombast). Now once again he would have a chance to forge a weapon, drive it to the heart of the Japanese empire...
Caution. This week the market was up again in the first day of trading. But there are still plenty of Calamity Janes on the Street. Brilliant, bespectacled Gerald M. Loeb, E. F. Hutton partner, reflecting the still-prevalent pessimism, said: "I am bullish for the near term and rather indifferent as to the long term...
Much of this bullish buying, Mr. Hammer said, was local. A Fielding Lewis desk ($149) was advertised in Manhattan Sunday papers. Monday morning there were 40 purchasers waiting cash in hand. But there were also twelve checks in the mail and 18 telegrams ordering Gimbels to hold the piece. And there were other signs that the art-buying wave was sweeping the U.S. Purchasers in St. Louis, Detroit and many another inland city have taken to mailing carte blanche orders, asking Salesman Hammer to buy for them sight unseen. One grateful woman art lover thanked Mr. Hammer for realizing...
Looking Abroad. A third fixed belief is that Allied victories, while supposedly bearish for U.S. securities, are bullish for foreign securities, particularly for those of countries where postwar fiscal problems will be most acute. Last week Italian Superpower common jumped 45%, closed at 14 times its 1943 low. Superpower's chief recommendation to investors is that it is now one of the two existing avenues for speculation in war-ravaged Italy. (It, like International Power Securities, is a U.S. company holding investments in Italy; trading in all direct Italian obligations was frozen by the U.S. Treasury...
...Lunched with the New York Stock Exchange's President Emil Schram, heard that the present bullish stockmarket was healthy. But, said Schram, mindful of the bargain boom in "cats & dogs": "I told the President I was determined to keep uninformed people out of the market. I am going to continue to say to people who don't know what they are doing to stay...