Word: jonesism
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Dates: during 1970-1979
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The Christmas results constituted fresh evidence that consumers are starting to spend again and the sluggish economy is perking up. Other bits of news have pointed the same way. Reflecting a rise in investor confidence, the Dow Jones average of 30 industrial stocks pierced the 1000 mark last week for...
...Too Tall Jones?
On that point, a consensus of sorts is emerging. The board's liberal majority favors a package of tax cuts and increases in Government spending totaling $15 billion to $20 billion. That range is acceptable to some Wall Street economists as well. Two weeks ago, a group of businessmen...
The current flurry of optimism will hardly take the edge off disappointment over the economy's performance in 1976. The year began in high gear with an unprecedented surge of investor confidence that drove the Dow Jones industrial average of 30 stocks up 122 points in January alone, the...
After a year of shifting moods −from euphoria to uncertainty and for a time despair−the stock market seems to have come full circle. As 1976 draws to an end, traders are once more looking ahead with rising confidence, buoyed by a growing conviction that President-elect Jimmy...