Word: indexers
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Dates: during 1960-1969
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...outdone, the computers last week verified what Mrs. Petit and other housewives were noticing at the check-out counter. The Labor Department reported that the consumer price index in June scored the biggest in crease in the past two years, rising by one-half of 1%, to 110.1% of the 1957-59 average. Main ingredients in this rise were meat, which climbed 6.1% between April and June, and vegetables...
...Street aggressively, their instincts sharpened by an 11% drop in the Dow-Jones industrial average that has cost investors $50 billion in paper values. But the bulls waited for the right moment to stampede. In some of the wildest, tensest and heaviest trading in years, the Dow-Jones industrial index last week rallied 35 points in the final four trading sessions. The close: 875.16, a gain of 21 points for the week. The market was so emotional and uncertain that not even the bravest bulls felt sure about how long or strong the rally ultimately would be, but there...
...bears had triumphed. On the first trading day, the Dow-Jones slid 14 points, the worst fall since President Kennedy's assassination, and closed at a ten-month low of 840.59. At that point, stocks had been marked down so much that shares in the Dow-Jones index were priced at a low 16 times earnings v. 19 when the slide began in mid-May. A lot of investors, principally the big institutions, just could not resist the bargains...
...every day since early May, but midway through last week they plunged in to buy almost twice as many shares as they sold. Many little people took advantage of the rally to grab their profits and get out of the market. On the final trading day, the Dow-Jones index worried off 3.89 points, closed the week...
...ever since been cited to demonstrate Roman Catholicism's opposition to science and free inquiry. Later, of course, it turned out to the satisfaction of ev eryone, including the Roman Catholic Church, that the earth does revolve around the sun. Galileo's works were removed from the Index in 1822, and a year ago French Jesuit François Russo suggested that the church might also formally repudiate the unjust censures directed...