Word: bullishness
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...Year?s Morning in America Americans are feeling bullish on the brave new year. But 1997 will be a tough act to follow...
...Jewish couple in 1938 Brooklyn. The wife, Sylvia (Tegan Shohet '01), has psychosomatic paralysis of the legs after seeing daily newspaper photographs of Nazi humiliation of Jews. Husband Phillip (Jesse Kellerman '01) is an anxious, fundamentally confused individual submerged in a WASP business; he approaches any given situation with bullish anxiety...
...consensus on Wall Street and in Washington, where, in both places, it is undeniably lucrative to be bullish, is that Monday was the mistake; Tuesday set things right. The believers in this sort of "new economy" school see the sell-off as an overreaction to an economic slowdown in Asia, a development that heralds only a modest drag on the U.S. economy and the earnings of U.S. companies...
...fund companies, barbershops and shopping malls all week. Mighty IBM announced that its shares were so attractive, it would spend as much as $3.5 billion buying them back. From her perch as co-chair of the investment-policy committee at venerable Goldman Sachs, Abby Joseph Cohen, the most consistently bullish--and correct--market forecaster of the 1990s, declared the sell-off a buying opportunity and promptly raised from 60% to 65% her portfolio's allocation to stocks...
...Southeast Asian fallout, and we wanted to beat the panickers to the exit. The sell-off remained orderly until Barton Biggs, one of the reigning rainmakers on Wall Street, conducted a conference call with Morgan Stanley Dean Witter clients. Set up by brokers who actually thought Biggs might be bullish, the big shots who dialed in got a dose of fear that would have chilled Roosevelt in '32. Biggs, it seems, had just come back from the Far East, and he was terrified by what he saw. He invoked all the bearish icons: the Great Depression, the Crash...