Word: parallelists
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Another merchant of gloom was Wall Street Analyst John H. Lewis,* a historical parallelist, who had made his reputation in July 1946 by announcing a bear market just as the market started down. Lewis, not willing to let go of his bear's tail, last week insisted that the market was still a bear. By the fourth quarter, he said, when exports fall off and more & more of the deferred consumer demand at home has been satisfied, a "real slump" will come; the "present bear market" will be intensified...
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