Word: downwards
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Dates: during 1950-1959
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From 181.54, the Dow-Jones industrial average slid steadily downward until by June it hit 161.60, the lowest point since 1945. In the rush to cash in on the slump, the short interest soared to the highest point since 1932. Only the most optimistic eye could find a bull anywhere in Wall Street. Then, perversely, the market started up. Scoffed the experts: a mere "technical rebound." But it was far more than that. Through the coal and steel strikes, it kept right on rebounding. By year's end, a 40-point rise had chased the bear...