Word: jonesism
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Dates: during 1970-1979
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Doug Jones
The Manila street sweepers were the first to arrive, dressed in their spectacular red gloves, pants and hats and yellow shirts. They were followed by nurses, municipal office employees and flag-waving members of the Kabataang Barangay, a civic beautification organization for teenagers. Before long the Quezon and Jones bridges...
The hate comes from a sense of injury as brokers contrast the current blah market with stocks in the Soaring Sixties. Then issues selling at 50, 60 and even 100 times earnings were not uncommon. Now many are going for ultralow prices of six, seven or eight times earnings. Bernstein...
Listless and almost lifeless at times, the stock market in 1977 suffered through one of its worst years. Last New Year's Eve, the Dow Jones average of 30 industrial stocks closed at 1004, its year-end record. By the final bell last week, the widely watched indicator had...
Paradoxically, all this is happening against a backdrop of a generally healthy U.S. economy and a continuing rise in corporate profits and dividends. So depressed is Wall Street's mood that news reports-of, say, a sharp rise in a company's profits-that would have pushed a...