Word: deadend
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Dates: during 1950-1959
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...paint it was asserted that the artist was reflecting the confusion, the disillusion, of our times. "This sort of rationalization after the fact reached such a point . . . that the correspondent of one European paper was moved to refer to some of the more extreme nonobjective painters as 'the deadend kids of the Absolute' and their work as 'wallpaper metaphysics...
Most bulls were betting that the deadend marker would not be reached until the industrial average hit at least 250, a relatively conservative mark of only ten times current earnings. The Chicago Journal of Commerce's Justin Barbour, the Middle-west's expert on the Dow theory, went even further. "The current rise is still the first primary rise of this bull market," wrote he. "Barring war [it] is likely to run into 1951 and above 300 for the industrial average." And J. H. Allen of Manhattan's Cohu & Co. bravely predicted that this was only...