Word: marketed
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Dates: during 1970-1979
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...precisely what swept the New York Stock Exchange late last week. In two incredible days of financial hebephrenia, the cavernous trading room echoed with delirious shouts and yells so loud that it was hard for brokers to talk to one another. After 15 months of steadily slumping prices, the market had taken a sudden and unexpected U-turn, sending short sellers, who make profits by betting on continued declines in stock prices, running for cover...
...Friday, to close at 795, the highest since early January. By day's end, 52.3 million shares, worth $1.4 billion, had changed hands-both records. The previous high volume was 44 million shares on Feb. 20, 1976, and hopeful analysts were wondering whether the 1977-78 bear market had finally ended...
Stocks have been long overdue for a recovery. From almost the moment that Jimmy Carter moved into the White House, investors began moving out of the market. As the slide has continued, Wall Street has begun to look more and more like a bargain basement just waiting for shoppers. Last week they came pouring in, driven by random pieces of upbeat economic news (a slowdown in the growth of the money supply, a hefty increase in industrial output during March, a firming dollar overseas) as well as a juicy-though unfounded-rumor that Exxon Corp. had struck...
...strike rumor, which suggested to them that the U.S.'s energy problems would be eased and the dollar would regain its stature. With some $400 billion in greenbacks now in foreign hands, an overseas rush to Wall Street would send stocks up sharply. Whatever happens next, the market's behavior last week ought to give Washington some idea of how investors are prepared to respond if the nation ever gets a sensible energy program and an effective policy to fight inflation and prop the dollar...
...Steiner '54 to be general counsel to the University. Last year the University showed a small but welcome budget surplus, and according to Putnam the Harvard portfolio is one of the most well-managed and carefully-watched of al university portfolios. The current annual rate of return on the market value of Harvard's endowment is 5.2 per cent, which may not outrun inflation, but is still considered respectable in institutional circles...