Word: market
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Other factors also contrive to make the market look fairly attractive. The last two bull markets started during recessions, after interest rates fell and investors began to sense recovery ahead. Also, stocks now are cheap. Corporate profits have almost doubled in the past four years, but many blue-chip stocks of big, old companies are selling at mid-1975 prices. The increasing number of corporate takeover bids suggests how undervalued they are. The Dow industrials are selling at 93% of book value, the worth of the assets minus the liabilities and divided by the number of shares outstanding. Thus...
Another bullish factor is that investors have put a large cache of cash in short-term securities and money-market funds, and it is available to switch into equities when the time is right. This pile has been conservatively valued at $65 billion. Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...fairly strong bull market has been under way in the secondary stocks, including those of the smaller oil and gas companies, newer high-technology firms and takeover candidates. While the Dow has been languishing over the past four years - it was at 840 in September 1975 - the index of over-the-counter stocks has gone up 94% and the American Stock Exchange index has risen...
...result is that longtime bears are lumbering out of hibernation. Market Analyst David Bostian of Bostian Research Associates, one of the Street's better-known pessimists, is trumpeting that the Dow could reach 2,000 within five years. Schroder Naess & Thomas, which manages $1.3 billion of institutional accounts, decided to increase its stock holdings by at least 25% because it was fearful of missing the market altogether. Explains Research Director John Groome: "We may be premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest...
...frantic trading last week boosted the price to nearly twice as high as it was only 21 months ago and three times as high as 38 months ago. In London, one frazzled trader termed the heated bidding "wild and irrational." It was no less so at the International Monetary Market in Chicago, where a record 31,591 contracts were posted on Thursday. Buyers also rushed for other precious metals. Silver approached $12 per oz., up from $6 at the beginning of the year...