Word: bullishness
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...Outpouring. U.S. businessmen have been bullish about the economy for many months, but President Johnson's plea for help, his take-charge demeanor and his conservative appearance seem to have released a whole new outpouring of great expectations for the economy. Said Fred Kappel after the Washington meeting: "We have undiminished confidence in the economic and moral strength of the country." In Manhattan the normally undemonstrative National Association of Manufac turers pledged Johnson its "loyal support and cooperation," then predicted that 1964 would be as good for business as 1963 has been. At a Florida meeting of the Investment...
...Wheeler Dealers provides the dreariest view of Wall Street since the crash of '29. Billed as satire, it opens bullish, closes bearish, but mostly just bumbles along with a portfolio full of otiose gags about Texas, the sexes (at least three), and stockbrokers-with the brokers depicted as a shifty lot who spend their time peddling worthless securities to unsuspecting clients. The plot has something to do with a young speculator who arrives in Manhattan from Texas, buys the first taxicab he climbs into, snaps up a swank restaurant because his date likes to eat there, impulsively flies...
...stocks on the Big Board, 880 have risen and 250 have fallen this year. The fastest risers lately have been the manufacturers of color-TV sets and office equipment, while the laggards have been the space and defense stocks. As of last week, brokers were generally bullish about many drug producers, airlines and electronics companies, and down on hotel chains, real estate firms, savings and loan associations. Perhaps it is time to be wary when most Wall Streeters start talking alike, and perhaps the market will take a beating if tax-cut hopes fail. But there is a consensus...
Detroit's Fast Start. President Kennedy's chief economist, Walter Heller, predicts that business will remain strong at least through the first quarter of 1964, and much longer if there is a tax cut. Even more bullish are such other eminent economists as Harvard's John V. Lintner ("There are no weaknesses in evidence") and the Bank of America's Charles Haywood ("We're just not predicting a recession for 1964"). Businessmen are also talking expansively. Says Acme Steel President George Griffiths: "I'm very optimistic about the first six months...
...copies; seven movies have been made from his work. He created one television series, which ran for three seasons (Adventures in Paradise), and South Pacific made him the most successful single by-product of Rodgers and Hammerstein. If Michener went public, his 1963 annual report would be bullish. Caravans, his seventh novel, is a Book-of-the-Month Club choice, is being condensed in the Ladies' Home Journal (for $50,000), and has already been picked up by Hollywood...