Word: market
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Dates: during 1940-1949
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Many a professional specialist had begun to wonder whether the Dow theory, a useful barometer in less stormy times, had not outlived its usefulness. Nowadays the market is subject to more unpredictable political and economic pressures and plain frights than it felt in the years when the theory was being worked out and "proved." For example, only a month after the theory signaled a bull market in May, the Berlin blockade sent prices skittering down again, although business got better & better...
What's a Bargain? Last week, when bear growls could be plainly heard, the bond market was turning perversely bullish. Ordinarily, rising bond prices have preceded bull markets (as bond prices go up and their interest yield declines, common stocks grow more attractive). Last week, with stocks falling, long-term Treasury bonds, which set the bond market trend, rose above their Federal Reserve support-price for the first time since July...
...economy was still running in the opposite direction from the market. The steel industry in October broke all war or peacetime production records, turning out 7,973,416 tons. Employment (at 60,134,000) stayed at its boomtime high. And corporations with record earnings voted extra dividends; there were 44 last week. Yet many stocks were selling for so much less than the actual worth of their companies that stockholders would get their money back if the company passed out only the cash in its till...
...Brackett and his fellow worker Billy Wilder are virtually the only Hollywood practitioners, since the penalty for breaking through the ice is almost certain professional death. Brackett and Wilder have already managed to make movies around such dynamite-loaded topics as divorce, alcoholism, adultery-plus-murder, illegitimacy, the black market in Germany...
Patriotic Savagery. As the century advanced, the bloods took on a deeper sheen of respectability. Savagery was given a patriotic purpose, and the pirate's victim rose out of the scuppers to become the pirate's relentless pursuer. Aimed now directly at the juvenile market, boys' magazines arose for every class, their authors ranging from Talbot Baines Reed, G. A. Henty and P. G. Wodehouse to a lesser-known host of "clergymen, headmasters, baronets, officers . . . titled ladies...