Word: deadlocking
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Chance for Indecision. Even that drop, however, has so far failed to break a prolonged deadlock between bulls and bears. At last week's close, the Dow was still within the exceptionally narrow range of 954.9 to 1011, in which it has held since February. The stalemate has given the year on Wall Street a very strange pattern: a cyclonic rise in January and February, during which the Dow rose more than 120 points on record trading, followed by six months of generally lackluster volume and back-and-forth price movements that rarely last more than a week...
...America ... that special American notion of fairness and compassion." He drew a thunderous reaction with his blunt charge: "We have just lived through the worst political scandal in American history and are now led by a President who pardoned the person who did it." Assailing Ford vetoes and a "deadlock of American democracy," Mondale pledged that "the first thing we are going to do when President Carter is elected is to get this Government moving again...
...brought pride and power to the region. Thus, the D.N.C. is already preparing for the July convention and the fall campaign on the premise he will be the candidate. Democratic Chairman Robert Strauss officially must remain neutral, but he also expects to avoid a deadlock or a bloodbath at Madison Square Garden. He told a party luncheon last week: "I made a commitment not to deliver a candidate to this party but to deliver a unified party to the candidate. And that, I assure you, is what I will do in the next 69 days...
...either a convention deadlock or the fear of defeat in November paralyzes the party, the possibility of a compromise candidate?now only remote?would increase. At the moment nearly all such speculation centers on Connally. "You couldn't write a better scenario for Connally than what is happening in the Republican presidential campaign," says one of his political aides. But Connally's associates insist that he is making no move to seize the opportunity?yet. He is only giving speeches on college campuses, appearing at party fund raisers, keeping his options open and staying neutral in the Reagan-Ford bloodletting...
...Union of the Left candidates will win a majority of the races in the 1978 parliamentary elections. If they do, Giscard, whose own term as President runs until 1981, may be forced to appoint a Premier from the left. The result, many French politicians believe, could be a paralyzing deadlock between the President and a hostile parliamentary majority, leading to a flight of capital, street demonstrations, strikes and, perhaps, the collapse of the Fifth Republic...