Word: dows
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Dates: during 1940-1949
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Many of the questionnaires have been returned already, Sumner stated, and have been turned over to C. Rodney Sage, a member of the Association, who will analyze the results. No final conclusions will be prepared before Christmas, however. Sumner is the manager of the University Theatre, while Dow is a member of a local real estate firm...
...Keyes DoW. Metcalf, director of the University Libraries, told the Student Council last night that January 3 is the opening date of the new undergraduate library...
...than the actual losses. On the way down, the industrial and railroad averages had broken through their low points of Sept. 27, the last big decline before the pre-election rise. Last May, when both the industrials and rails broke through their previous high marks, followers of the famed Dow theory had proclaimed the "confirmation" of a bull market (TIME, June 14). Now that the same averages had broken through their previous bottoms, did this mean that the bull had been displaced by the bear...
What's a Signal? The Dow theorists could not agree. Chicago's Justin Barbour, who interprets the Dow theory for the Chicago Journal of Commerce, said the break-through did confirm a bear market. But in Manhattan, Thomas W. Phelps, of Francis I. Du Pont & Co., another leading Dow exponent, thought otherwise. The industrials and rails, said Phelps, would have to break their lows of last February (when the industrials were at 164.07 and the rails at 47.48) before a positive bear "signal" would be given. The New York Herald Tribune's financial editor, C. Norman Stabler...
Many a professional specialist had begun to wonder whether the Dow theory, a useful barometer in less stormy times, had not outlived its usefulness. Nowadays the market is subject to more unpredictable political and economic pressures and plain frights than it felt in the years when the theory was being worked out and "proved." For example, only a month after the theory signaled a bull market in May, the Berlin blockade sent prices skittering down again, although business got better & better...