Word: bullishness
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...unpredictable factor. The public's pocketbook is bulging with record savings. In the past, rising stock prices and the suggestion of easy profits have brought small investors back into the market. If that should happen within the next few weeks, the outlook for the market would be bullish indeed...
Italy's biggest steelmaker is a civil servant, but hardly servile. Says bullish-looking Ernesto Manuelli, 56, president of the state-controlled Finsider steel complex: "I have more freedom of action than a man in my position in private business. Presidents of Fiat or Pirelli often have to get their boards' permission before initiating changes. I don't." Several years ago, he rebuffed a government demand that Finsider build a plant in job-starved southern Italy, instead vastly expanded its plants in Genoa before moving down the Boot. Manuelli also publicly opposed the nationalization of Italy...
Republicans are bullish about Ogden R. Reid, 37 former editor of the New York Herald Tribune and former Ambassador to Israel. He is running in New York's suburban 26th District (part of Westchester County) after knocking off Incumbent Edwin Dooley in the primary. His opponent is Liberal-Democrat Stanley W. Church, 62, a 20-year mayor of New Rochelle. But the most becoming face of all belongs to Iowa Republican Sonja Egenes, 32, a former Iowa State science professor, who has a chance to unseat Democrat Neal Smith in the district near Des Moines. She accuses Smith...
...steel, has enough at its disposal to carry through the first month's production of its 1963 models. Ahead lie the traditional summer doldrums, when many big steel users close for vacation. Normally such a seasonal slowdown would cause no alarm, but steelmen today are none too bullish about their long-term prospects either...
...late 1920s, Al Smith's good friend John J. Raskob, who then functioned simultaneously as an officer of Du Pont and General Motors, shocked the investment world by allowing that under favorable circumstances a stock might be worth as much as 15 times earnings. (Despite this bullish tenet, Raskob, like the President's father, Joseph Kennedy, saw the 1929 crash coming; unlike Kennedy, he did not sell short soon enough to make a killing.) Raskob's 15-times-earnings ratio became an accepted rule of thumb almost immediately, but the unfavorable circumstances of the Depression pressed...