Word: investor
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Dates: during 1960-1969
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...With investor confidence at its lowest ebb since Dwight Eisenhower's heart attack and Big Board stock prices falling $6 billion in one day's trading, Wall Street last week was a cheerless place for anyone trying to peddle large blocks of stock. So discouraging was the atmosphere that long-scheduled sales of stock in two eminently solid corporations (Kellogg Co. and McGraw-Hill Publishing) were abruptly postponed by the investment bankers underwriting them. But the Street's hard-eyed moneymen took a different view when 430,000 shares of General Motors Corp.* went on the block...
...estimated per-share earnings, had a simple explanation: it had finally dawned on the investing public that many stocks were greatly overpriced. Other analysts, noting that stocks have long been overpriced compared with corporate earnings, argued that it was all the fault of the steel price crisis and mounting investor fears about President Kennedy's attitude toward business in general...
...Dampener. Why was Wall Street indifferent to all this encouragement? Most market analysts attribute part of the investor apathy to disappointment with the economy's failure to achieve the superboom levels so freely predicted last fall; analysts also consider the present drop in stock prices a necessary correction of December's "ridiculous" highs. But despite last week's favorable earnings reports, what concerns the worriers most is the long-term state of corporate profits...
...Range. Nevertheless, the consensus among the analysts is that the market will hit one more peak in 1962. But they warn that the market is in a "trading range,'' i.e., one where as many stocks go down as go up. and that to make money, a selective investor must watch for undervalued shares of companies with strong profit potentials. A minority of Wall Streeters even suggest that the next peak may mark the end of the Great Bull Market-which has persisted for 15 years despite temporary setbacks. Not even the pessimists, however, predict a selling panic; what...
...first association with film-making was as an investor in The Connection. Miss Clarke's first film was financed, as Broadway plays are, by a limited partnership arrangement; over two hundred investors put up sums ranging from fifty dollars to twenty-three thousand dollars. The principal advantage of this method of financing low-budget films is that it enables the producer to find investors who are interested in his particular project and who are willing to leave artistic control in the hands of the director...