Word: market
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Dates: during 1970-1979
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...brief flurry of a point or two. On the other hand, bad news is no news at all. Hardly anyone paid attention in October when the Dow Jones transportation average sank to a point that indicated to followers of the venerable Dow Theory that a full-fledged "primary bear market" was under way. Everyone already knew that...
...wholesale prices, a rise in the trade deficit, a threat of higher interest rates that would pull money from stocks into bonds. Last week, when the Dow fell 8 points, the favored reason was worry over a continuing drop in the value of the dollar on foreign money markets. All these factors do indeed have some influence, as does the perception by investors that the Carter Administration does not have a grip on the complexities of directing the U.S. economy. But the basic reason for the market's malaise is that in a time of continuing, persistent inflation, stocks...
...result, small investors have pulled out of the market by the millions to put their money into bonds, land, coins, wine-anything that is either tangible or seems less risky than shares. Trading consists mostly of transactions between the big institutions: mutual funds, pension funds, bank trust departments. And managers of the pension funds, who invest more than $100 billion, have a special reason for worry: Congress in 1974 passed a law permitting receivers of pensions to sue managers of the funds for poor investment performance. Fearful fund managers have adopted a supercautious strategy, setting themselves the modest goal...
...Center is divided into three parts. There is the skyscraper, with 1.3 million sq. ft. of office space. The Market, three floors of a glass-roofed, tree-dotted building within a building, houses shops and restaurants. And, paying its dues to God as well as Mammon, Citicorp Center includes one of the most beautiful churches to be erected in Manhattan in this century, a jagged 85-ft.-high polygonal structure of granite and glass that stands free of the office tower and shares a sunken plaza with The Market...
...rate in the area. Bank executives estimate that a fourth of their total effort was devoted to developing 68,000 sq. ft. of retail space, which will return only some $1.5 million a year, compared with the $14 million they expect to realize from the office rentals. But The Market, which will be open seven days a week, is a showpiece of the Center. The first of its stores to open was Conran's, offshoot of a successful 34-shop home furnishings chain, called Habitat in Europe...