Word: huges
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Dates: during 1980-1989
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...even pause to catch its breath." Peter Cohen, a New York City real estate broker and large investor, muses, "Even in the sizzling '60s, it was an article of faith that what goes up must come down. But those who have played by this rule now have left huge amounts of profit on the table. I have sold at a profit, then bought the same stock at a higher price, then sold it again at still a better price several times...
...theory, at least, a bull market makes it easier for businesses to raise money for expansion and modernization by selling new stock. That effect may be muffled because big companies have run up worrisome debts either carrying out acquisitions or fighting off takeovers. But smaller firms are raising huge amounts of cash by selling their stock to the public for the first time. In just the first seven months of this year, once private companies raised $17.4 billion through initial public offerings, or two-thirds more than in the same period...
Only two kinds of businesses seem to be thriving: those that sell to the government and those that sell for it. Some merchants who have hoarded such basic items as meat, sugar, flour and even matches have made huge profits. Says a businessman in the import-export trade: "The only money to be made these days is in trading staples, house appliances and the like. People pay whatever they have to to get them...
WINTER PARK, Colo.--A huge boulder dislodged by a state highway worker rolled off a mountainside yesterday and smashed into a moving sightseeing bus, killing seven people and injuring 15 others, authorities said...
Even a mild slowdown in Europe's growth rate would be bad news for the U.S. economy. Washington has been counting on increased exports to Europe to help curb America's huge trade deficit, which hit a record $169 billion in 1986. But there is no assurance that Western Europe can keep up its present consumption of American imports ($59 billion last year), much less develop a greater appetite...