Word: expectability
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Dates: during 1950-1959
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...Associated Press' cigar-chewing Forrest Edwards, rose during one press briefing to complain that 17 different government spokesmen had given him 17 separate reports. "What do you expect?" Minister of Information Sisouk Na Champassak replied accurately. "If you speak to 17 different people, of course you'll get 17 different stories...
...early August. Brokers all gave the same reasons for the market's weakness: tight money, the steel strike and Premier Khrushchev's visit. Many of them also agreed on what the market will do next. Said Carl M. Loeb, Rhoades Partner Samuel L. Stedman: "I expect a good strong rally before the end of the year, because there is money piling up in mutual funds, pension funds, and with other institutional investors; but it will be a market of selective stocks." Said Sidney B. Lurie of Josephthal & Co.: "The lows for most stocks are near at hand...
...cause for great concern. For two weeks, the market's anticipation of a rise in the Federal Reserve's discount rate added to the decline. But at week's end, after the rise came, the market rebounded. As soon as the steel strike is settled, brokers expect the market to seek new highs in a sustained rally...
...strongest warning yet, the President specifically urged the two sides to compromise their differences. The American people, said the President, have a right to expect a "measuring up" to joint responsibility by union and management, since a "reasonable basis for a settlement" exists. Wrote the President: "The steelworkers and the steel companies must find that way expeditiously...
...Central National Bank. "The cost of living will rise. Hard goods will be immediately affected because a bigger share of consumer spending will go to the cost-of-living items [mostly soft goods]. And then we will have a drastic reduction in inventories and capital expenditures. I expect to see the downturn in late 1960 or early...