Word: fulbrighters
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Dates: during 1950-1959
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...barrage of anti-business talk. Now that the House and Senate have finished their work for this year, how did business and the businessman actually fare in the first session of the 84th Congress? Within two days after the new Congress organized in January, Arkansas' Democratic Senator William Fulbright gave business its first big scare. Chatting with a newsman right after he became chairman of the Senate Banking and Currency Committee, Fulbright was asked if he would look into, among other things, the steep rise in the stock market. Why, yes, said Fulbright, "we ought to have a look...
Married. Ilona Massey, 43, blonde, Budapest-born film and TV actress (Rendezvous, Curtain Call); and Donald S. Dawson, 46, lawyer and onetime administrative assistant to President Truman, quizzed by Senator Fulbright's subcommittee in 1951 about his connections with Washington influence peddlers and RFC loans; she for the fourth time, he for the second; in Juarez, Mexico...
...market had such a wide-swinging week. In one day the Dow-Jones industrial index shot up 7.99 points, the biggest gain since Sept. 5, 1939, after World War II began. Next day prices dropped 7.18 points, the biggest break since March 14, when investors were scared by the Fulbright committee...
...were the latest evidence that the greatest bull market in U.S. history has primarily been a market for blue chips. Since last January, the Dow-Jones industrial index has climbed almost steadily, from 391.89 to 461.18 at week's end. And the sharpest rise has come since the Fulbright hearings ended. High-priced stocks have gained 8% in value, according to Standard & Poor's index, while its index of low-priced stocks has shown a loss of .3%. One big reason is that investment trusts and big institutional buyers have been purchasing blocks of what they consider...
...fact that minor dips scare the odd-lotter easily, even when the market is basically sound, makes him a poor short-term trader. For example, during the Fulbright investigation last March when the market broke sharply (TIME, March 21), the number of odd-lot sales rose sharply. But, in general, the small investor is not an in-and-out-of-the-market speculator. Chief reason: it is slightly more expensive to buy or sell odd lots at a given price since an extra broker's commission of one-eighth of a point is charged...