Word: bulls
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Dates: during 1920-1929
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...Bull Market of 1924-29 was sired by the Golden Industrial Age of the corresponding period. It was easy, after the Market had broken, to denounce speculators as fools and speculation as vicious. Yet a few die-hards (such as Yale's Irving Fisher) maintained, even after the Crash, that quotations had never become so weirdly out of touch with reality as prophets-after-the-event were quick to label them. Given a profound conviction that the future of U. S. industry was boundless, that there was no limit to the potential value of U. S. securities, where could...
October 23. Why then, did a Market which had broken on Oct. 23 demonstrate with a continued crash on Oct. 24 that the end of the Great Bull Market had really arrived? Professor Fisher may stand a discredited prophet, yet apt appeared his analogy between the break on the market and a run on a bank. The Bank was U. S. Industry. Assets of the bank were the real assets of U. S. Industry. Stocks were the paper money which the bank had issued. Now all banks, even the Federal Reserve System, issue more money in paper than they have...
...Arthur W. Cutten, wife of the famed bull-market operator, and Mrs. Al fred T. Martin, wife of the vice president of Bartlett, Frazier & Co. (grain & stocks), returning in Mrs. Cutten's car from a Chicago theatre, were stopped by five men who growled, "Police officers!" The Cutten chauffeur was marched away up the street. The ladies were then told: "This is a holdup. No screams or we'll shoot your hands off." The loot: $500 worth of jewelry (mostly imitation...
...Parliament's bull-of-the-week was made by famed Philip Snowden, crippled, drawn-faced Chancellor of the Exchequer. He referred to former Prime Minister Stanley Baldwin (now a mere Conservative M.P.) as "the Prime Minister," then clapped an anguished hand to his forehead as the House burst into goodnatured roars...
...Mexico City, a man appeared on a boulevard, took his coat off and danced before approaching autos like a matador before a bull. When the motorists veered away, he shouted: "These animals have no fighting spirit...