Word: bullishness
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...there is one part of U.S. business that is vibrantly healthy, it is the auto market. Sales are galloping 30% ahead of last year, production is up 50%. The country clubs of Bloomfield Hills echo with bullish snorts about a 6.6 million car year, including imports, best since 1955's fabled 7.1 million. This is important to the whole economy because autos mean steel, rubber, glass, zinc, aluminum and textiles, and also because of the popular belief that if autos roll well not too much can be wrong with business in general. Now the spring selling season begins...
President Kennedy was bullish about the U.S. economy in 1962. "I think," he said at his press conference last week, "that this economy has more vitality in it than some of its premature mourners...
...many a European housewife last week, the most prized present of all was a stack of engravings that owed nothing to art but everything to the Continent's newest and fastest-growing investment trend-mutual funds. Tantalized by bullish stock prices and the Common Market's bright prospects, small European investors are buying into mutual funds as never before. Where only a handful of Continental funds existed prewar, Western Europe now boasts some 200 open-end and mixed investment trusts with well over 2,000,000 shareholders and total assets of about $4 billion...
...Whether the stock market goes up or down, one man who can hardly lose-provided the volume of trading stays high-is Norman Hirschfield, 51, new chairman of Teleregister Corp., which makes and operates stock market quotation boards. Last week Hirschfield had bullish news for his stockholders: first-half 1961 earnings reached nearly $500,000, v. a $20,000 deficit in first-half 1960. A Wall Street office boy at 14, Hirschfield became vice president of a brokerage house at 20, got friendly with Big Investor Charles Allen (who holds a dominant interest in Teleregister), was made chairman of Allen...
Businessmen who have wondered when -if ever-those "Soaring Sixties" would finally begin to soar got a bullish answer last week from Secretary of the Treasury Douglas Dillon. Said Dillon: ''It is probable that by this time next year, our economy will be in high gear. We may well be in the midst of an economic boom...