Word: bullishness
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...However bullish such performances among blue chips may look, high-flyers such as Avco, Syntex and Control Data have actually led the spring spurt. Last week Polaroid (up $10.63), Motorola (up $14.13) and Teledyne (up $15.75) carried on the surge, and IBM shot up a whopping $28.50, thanks to a $17 jump Thursday, to close at a record $496.50 per share. But the industrials are catching up, partly because cash-heavy institutional investors (notably mutual funds) are upping their purchases. "The more the glamour stocks go up," explains Richard Buchsbaum, research director at W. E. Hutton & Co., "the cheaper...
...market as a whole. The value of all U.S. stocks plunged by 13% to $587.4 billion. But the funds' portfolios dipped only 7%, which left them in fine shape to lead the bargain-hunting charge that, more than anything else, has accounted for the 1967 market's bullish big volume and upward movement...
...been voluble, Canadian-born Pierre Rinfret, 44. Rinfret, according to his own associates, never did "exhibit a large aura of humbleness." Nor did that aura grow after President Johnson, during a 1964 TV address, called him "a leading industrial economist" and reeled off figures from a bullish Rinfret forecast. Since last summer, Rinfret has been on the side of the bears, predicting a "mild recession" with no upturn in sight until at least the fourth quarter...
...credit to the extent the Administration wishes. The war in Viet Nam seems unlikely to expand again by major pro- portions, but no one can be sure. The international balance of payments remains a constant problem. In the eco-nomic bestiary, Johnson is trying to be owlish rather than bullish or bearish. "There will," he predicts, "be surprises along...
...Michigan Economist George Katona, one of the nation's top consumer experts, says that consumers are worried about tight money and inflating prices-the cost of living jumped last month by another four-tenths of 1%, is 141% above the 1957-59 average. But they are still basically bullish. Reason: most of the thousands of people whom Katona surveys expect wage hikes in 1967 to equal or even exceed the raises that they...