Word: laubscher
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...been sliding. On Tuesday the bulls broke loose again: the Dow Jones industrial average jumped 34.78 points, to record its best gain since Aug. 3; and more than 169 million shares changed hands on the New York Stock Exchange, making it the sixth heaviest trading day ever. Said Harry Laubscher, a Paine Webber market analyst: "The bears had Thanksgiving, the bulls Christmas." After the big jump, profit takers moved in, and the market dropped for three straight days. Nonetheless, the Dow Jones average ended the week at 1198.98, up 23.07 points...
Stock traders who originally feared that the peace talk was too good to be true had become convinced that a ceasefire really will be signed soon. Said Harry Laubscher, senior vice president of Walston & Co.: "Whether peace comes this week or in a few weeks doesn't really matter. The public is apparently sure that there will be peace...
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