Word: gets
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Wall Street is also safer today because, in the aftermath of the Crash, the Government moved to outlaw some of the abuses that permitted the 1929 bubble. Fifty years ago, a buyer had to put down only 10% of his own money to get a stock; he could use credit for the rest. Today, under a Federal Reserve rule, customers have to put up at least 50% of their own funds. The Fed can also slow bank credit to stop speculation from feeding a boom, a step it took last week. In addition, there was no watchdog Securities and Exchange...
...frenzied sell-off that had sent the market plummeting by a startling 26 points on Tuesday-the worst setback it had suffered in nearly six years. Now, at brokers' booths and trading stations, everybody was fretting about what worried investors would do next. "We're going to get sellers," said one broker as he strode onto the floor...
...sell. "More dramatic than anything I've seen since the assassination of President Kennedy. The institutions and banks are selling, but they aren't as dramatic as the public. The public always seems to overreact. They're just calling up and saying, 'Sell my stuff! Get out of my position!'" His experience was not unique. At brokerage houses around the city, investors were trying to cut their losses. By 11:30, only 1½ hrs. after trading began, the Dow Jones average was off by 13 points and falling. "I wouldn't call...
Under the best of circumstances, the exchange floor contains the makings of enough ulcers and coronaries to fill a good-sized hospital. By noon Wednesday, the circumstances were close to the worst ever. "Better get down here," one broker telephoned a friend. "We're going to break some records today...
Volcker is a baseball addict who can remember a play made by the Yankees' Phil Rizzuto in the World Series of the '40s. He is also a dedicated fisherman who tries to get away once a year to try his luck in Canada. According to a friend: "He's not a great fisherman. He thinks...