Word: peake
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Dates: during 1940-1949
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...Whose Peak...
...rise & fall of 65 (out of 1,398) stocks on the Big Board-did not show the true strength of the baby bull market. Day after day last week, scores of stocks hit new highs for 1947-48 and stayed there. The booming oils had even passed their 1929 peak...
...economy seemed to warrant the rise. Overall profits were well up from last year's record peak. U.S. industrial production, which had slipped a bit during the spring, was climbing again. Backlogs of orders were building up in some industries faster than production could consume them. And U.S. employment, now soaring above 58,000,000, was expected to be greater than ever by midsummer...
Most of Wall Street's 1,200 market dopesters and crystal ballers felt a rosy glow. Some expected a rise of 20 points more or less, which would put the industrial average even with the peak of the 1946 bull market. Others, like Shields & Co.'s Edmund W. Tabell, were more optimistic. Said he: "My ultimate objective [for the average...
...cash was there for spending. Though consumers saved less in 1947 than in 1946 and more of them went into debt, they still had enough cash in their pockets to keep demand at its peak. Up to 4,100,000 planned to buy cars, as many as at the beginning of 1947. "There is no change," the survey noted, "in the prospective demand for other selected durable goods...