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...Wall Street's division of labor, stock analysts try to forecast earnings of individual companies and pick those that might make good investments, while market analysts attempt to predict whether the market as a whole will rise or fall. To put it mildly, neither always succeeds. But Edson Beers Gould, at 74 the dean of market analysts, has been right often and spectacularly enough to be a market force in his own right. Two weeks ago, just after the Dow Jones industrial average rose smartly to 1,009, rumors began circulating that Gould was about to forecast a short...

Author: /time Magazine | Title: WALL STREET: The Gould Rush to Sell | 4/26/1976 | See Source »

...always, it was impossible for Western observers of the murky politics of Mao's Middle Kingdom to predict with any assurance that the succession problem had been solved for good. The fact that Hua has no strong factional ties, for example, could also mean he has no firm power base and thus could easily be pushed aside in a struggle after Mao's death. Hua, moreover, is well aware that being touted as the Chairman's heir apparent is a decidedly mixed blessing. All his predecessors ended as victims of purges as soon as Mao decided they...

Author: /time Magazine | Title: CHINA: Protest, Purge, Promotion | 4/19/1976 | See Source »

Damascus has become so embroiled in the tangled conflict that some Middle East observers cynically predict that Lebanon could become "Syria's Viet Nam." The Syrians support the Moslems' basic goal: political reforms that would change an outdated sectarian system in which the Christians have an unjustifiably large share of power. But Syria also wants to prevent a de facto partitioning of the country, which could happen if the Moslems carry on their offensive. A weak Maronite state, Syrians fear, might need foreign support-possibly Israeli-and might become a base for anti-Arab activity. The Syrians have...

Author: /time Magazine | Title: MIDDLE EAST: A Year of Pointless Death | 4/19/1976 | See Source »

...Chinese, for example, managed to predict the Manchurian quake with such extraordinary precision that the big jolt came only a few hours after their warning. As a result, says MIT Geologist Frank Press, more than a million people were evacuated from their vulnerable homes and tens of thousands of lives were saved...

Author: /time Magazine | Title: Science: The Palmdale Bulge | 4/19/1976 | See Source »

...winner by "a modest margin." That left CBS the lone TV network holdout. CBS steadfastly refused to concede anything except that the race was "extremely close" until 1:30 a.m., when it became clear that Carter had eked out a victory and Walter Cronkite could crow, "Some other networks predicted that Udall would win [and] we did not predict that here...

Author: /time Magazine | Title: The Press: The Winner Is ... Is ... | 4/19/1976 | See Source »

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