Word: investors
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Dates: during 1950-1959
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...long would the bullishness last? As the stock market started off this week with a slight drop, many an investor kept a sharp watch on the growing troubles on the union front (see NATIONAL AFFAIRS) and a sharp increase in seasonal unemployment that boosted the jobless to 4,480,000, highest since the war. Until the labor troubles were settled, Wall Streeters thought it likely that the bull market might take a breather...
Seldom in Wall Street's history had stocks climbed so steeply (about 25% increase in values) for so long (seven months) without a setback. Consequently, many a trader had been predicting a stumble in the present bull market. Last week it came-and as usual caught many an investor flatfooted...
...birth of the bull market was matched by an equally impressive phenomenon: the growth of the investment trusts. They went after the inexperienced little investor in the low-salaried brackets and, by selling him shares in their funds (which in turn were invested in stocks) brought some $250 million of new investments into the market. By year's end, the funds and the lure of the bull market had given small investors a bigger stake in business than they had had in years...