Word: bullishness
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...that has raged on the trading floor of the Tokyo Stock Exchange for six years. The Japanese call it the age soba, or rising market, ascent has been dizzying: the 225-stock Nikkei index -- Japan's equivalent Dow Jones industrial average -- has surged 400% in value since beginning its bullish burst. The $3.5 trillion now invested in the Tokyo market makes it world's largest. Even the devastation wrought by last October's global stock only temporarily dampened the spirits of Tokyo traders. Although the Dow is now 12% lower than it was before the crash, the Nikkei has risen...
...were sold in 1987 (up from 51 million in 1986), and 3.3 billion were rented (up from 2.2 billion the year before). Newly minted cassettes of Hollywood classics are flooding the stores, and TV ad campaigns now alert buyers and renters to the release of recent hits. Notes a bullish Louis Feola, senior vice president of MCA Home Video: "There is a generation of kids growing up who do not remember life without a cassette...
...think the market action over the next several weeks will be erratic, and by no means is the market embarking on a new bullish phase here," said Jack Baker, head of block trading for Shearson Lehman Brothers Inc. "We wouldn't be surprised to see further slippage in the weeks ahead...
Business leaders are bullish on their competitive ability. According to a poll conducted this year for the Coopers & Lybrand accounting firm, 88% of the 300 top manufacturing executives surveyed said they thought the U.S. could regain its edge in the auto industry, while 71% felt that way about the steel business. But what alarmed the accounting firm's top manufacturing expert, Henry Johansson, was that the majority of the U.S. executives (55%) still see their main competition as domestic rather than foreign. Too many business leaders fail to recognize the global marketplace. For those Americans, said one electronics executive...
Meat and dairy groups, which have suffered the most from consumers' withdrawal pangs, are making the biggest efforts to regain public trust. In January the National Live Stock and Meat Board launched a $30 million promotion campaign that it hopes will beef up sales that have been less than bullish since 1976. Back then, Americans' per capita consumption was 94 lbs., & in contrast to 80 lbs. last year...