Word: ponts
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Dates: during 1960-1969
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...that the advance ranged across just about every sector of the market. In 14 consecutive sessions, gains by individual stocks outnumbered the declines, and many a stock in the course of the week hit a new high, not merely for 1967 but for 1966 as well. Blue chips Du Pont, Bethlehem Steel, Procter & Gamble and even beleaguered A.T. & T. went up; so did glamor stocks Itek, Scientific Data and Ampex. Where there were big drops, there was an obvious reason. American Broadcasting Co. fell 141 points following an announcement in Washington by the Justice Department that it would oppose...
...does not care to manage by itself. In some fields, the line between the public sector and the private sector is already "nearly imperceptible," and before long "men will look back in amusement at the pretense that once caused people to refer to General Electric, Vickers or Du Pont as private business...
...winner of an alltime record $1,977,896 before his retirement last March, was as gentle as a lamb. Kids fed him sugar; a chocolate sundae would cheer him up if he'd lost a race; and everybody loved him so much that his owner, Mrs. Richard du Pont, gave him a mailbox at the barn to handle all the fan letters. Now nine, the magnificent gelding is taking his ease, jogging around Mrs.du Font's Maryland farm, treating her to early-morning canters like any other saddle horse...
...little bears got into short-selling just in time to be badly hurt; they had to scramble quickly as the averages rose to cover short positions in both glamour stocks and blue chips. As a result, both highflyers and such long-dull blue chips as A.T. & T., Chrysler, Du Pont, Jersey Standard and U.S. Steel were traded unusually heavily, and most ended the week with a gain...
Ease in the Squeeze. The market had been ripe for a rise. Its ninth major downswing in 20 years had dropped shares to their lowest levels, relative to earnings, since 1958. Dozens of giltedged stocks-among them G.M., Du Pont and Allied Chemical-were underpriced. Such a situation was tempting to the mutual funds, which have been waiting for the right moment to buy at bargain rates. Then, too, there was good news: the elections in Viet Nam; the decision by the U.S. to buttress Britain's pound with more credits; the prediction by G.M. that next year...