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...double-digit range. At the least, though, the August figures give weight to the Ford Administration's argument that the scary inflation pace of early summer was an aberration, and might calm nervous consumers and investors. Indeed, the stock market, after falling to 795 on the Dow Jones industrial average-close to its summer low-rallied late last week to end Friday...
...reasons, Wall Street this week seemed convinced that inflation would continue to bedevil the economy. After rising sharply during the first half of the year, largely on hopes that inflation had abated and the recovery was well under way, the stock market has tumbled recently. Last week the Dow Jones industrial average closed at 805, down 21 points for the week. Bond prices also dipped on news of the July rise in living costs, and interest rates continued to creep upward-a sign that lenders, too, expect inflation to remain rampant and are determined to extract a higher price...
...prospects for a settlement in the Middle East rise and fall as erratically as the Dow Jones averages. Last week the peace market suddenly turned bullish. Failure to agree on a Sinai pact would simply be "unthinkable," said an Egyptian official. "Let's get it over with," Israeli Chief of Staff Lieut. General Mordechai Gur added gruffly...
...home happy. One client makes elaborate banana splits on a naked woman's stomach while munching on a banana. A man from Georgia comes to watch a white woman do erotic dances with a black woman. A finance mogul pays Xaviera to huskily recite the Dow Jones averaged while she strips on his conference table. A preppie comes in to talk to his woman about the problems of yachting, and his face lights up when she murmurs wonderingly, "You don't say!" Everyone seems to have forgotten about sex. The point is apotheosized at the end of the film when...
...small investors may turn up in force much sooner. Los Angeles Stockbroker Charles Rosenberg notes that he has begun to receive "calls out of the blue from small investors again." That is true to form. Says San Francisco Broker Harry Campbell: "The public buys on the basis of the Dow Jones hitting a year's high, what the neighbors say about their stocks, or some guy boasting at a cocktail party that he's made money on X-Y-Z company...