Word: market
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Dates: during 1940-1949
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...after seven anxious years, the Bel was barely swinging. Import restrictions had shrunk its British market. To square garrulous Editor Peadar O'Donnell, one time schoolmaster in County Donegal there seemed but one way out. He would go to the U.S. and raise some money...
...getting so a regular customer couldn't be sure of a place to sit; eager-eyed newcomers were beginning to crowd the nation's 4,200-plus brokerage offices. The public was not doing much buying yet-it was still a professional's market-but moving ticker tape was once again a sight to see, and dreams of quick killings were again dreams to dream. Wall Street was nursing a baby bull, and a lot of cow-eyed mother love was suddenly loose in the land...
...some respects, the Dow-Jones averages-which record the rise & fall of 65 (out of 1,398) stocks on the Big Board-did not show the true strength of the baby bull market. Day after day last week, scores of stocks hit new highs for 1947-48 and stayed there. The booming oils had even passed their 1929 peak...
Most of Wall Street's 1,200 market dopesters and crystal ballers felt a rosy glow. Some expected a rise of 20 points more or less, which would put the industrial average even with the peak of the 1946 bull market. Others, like Shields & Co.'s Edmund W. Tabell, were more optimistic. Said he: "My ultimate objective [for the average...
Wall Street's baby bull market grew a bit more last week. The Dow-Jones industrial average moved up 1.06 points to 191.06, the highest in 19 months. By week's end the market had slipped back a bit, to 190.74. But there was no hesitation in the rest of the economy...