Word: factors
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Dates: during 1960-1969
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These hoards of investment capital have been a major factor in sending prices up because they have created a demand for stock that is growing much faster than the supply of shares. Largely because capital-seeking companies now get a better tax break by issuing bonds instead of stock, the amount of newly issued shares dropped from $5.2 billion in 1957 to $1.5 billion in 1967 (when $16 billion in bonds were floated...
...small investor, even more than the professional, tends to respond to that intangible, unpredictable but all-important factor: market psychology. When an up-or downtrend begins, market psychology often exaggerates it. In the latter half of 1966, when the market began to plunge, many investors sold out on the theory that things would get worse. Market averages dropped, and many glamour stocks were whacked in half. Within three months, after many small investors had sold out at the bottom, the market bounced back. Now much the same thing appears to be happening again. Stocks have dropped about 4% on average...
Norman and his associates--among whom is Dr. Victor C. Covelli, Research Fellow in Surgery--earlier discovered the crucial role of the spleen in producing Factor VIII, a substance whose presence in the body prevents hemophilia...
...disease takes the form of a deficiency in antihemophilic globulin--Factor VIII. In normal humans the Factor VIII level in the blood stream ranges from 50 to 200 per cent. Hemophiliacs generally have a Factor VIII level of less than 25 per cent...
What Norman found is that Factor VIII is produced by the spleen. In the past the treatment for hemophilia has been the injection of Factor VIII into the hemophiliac. Te new method is to replace the defective spleen of the hemophiliac with a healthy...