Word: moon
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Dates: during 1950-1959
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...just missed the moon. But Wall Street's Bull made it-and over-with ease...
Starting in January, stocks on the big board took off with a whoosh that by December sent the market up 37% and carried every average out into space. Coming in a time of recession, the market's amazing moon shot baffled most of the experts. But it was no mystery to the investors whose buying sent it up. In 1958 they could plainly see for the first time that the U.S. was blessed with a new kind of economy, different from any ever seen on the face of the earth...
...points; rails soared 58.72 points. There were still skeptics who had seen such high-flying stocks and heard such talk of the new prosperity before-in 1929. But in 1929 the market was founded on fantasy, frenzy -and credit. In 1958 the Bull's flight to the moon was fueled almost entirely with cash, clear evidence of the investors' confidence in the U.S.'s economic health...
...Consumer. The greatest single force in keeping the recession local-and then turning it around-was the monied U.S. consumer, the same man who, as investor, sent Wall Street's Bull to the moon. By old-fashioned doctrine, recession is a time when consumers cut down their spending. In 1958 the confident U.S. consumer continued to buy, and then some. He became the economic hero of the year-and demonstrated several other facets of the new economy...
Trying to get to Europe in 1954, she made it as far as New York before she ran short of cash. She wound up with a walk-on part in the road company of Teahouse of the August Moon, and one day while on tour she wandered into Seattle's Colony, an offbeat supper club. She talked Owner Norm Bobrow into letting her try a few numbers with the band, brought down the house. Three years later, Pat was still at the Colony. "How long will she stay?" Bobrow's friends kept asking him. He always gave them...