Word: react
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Reached at his home Monday night, he said that the members of the committee who were present (the conservatives stayed away, he said) seemed to react very well to the "seminar," as Brinton called...
...Paul Samuelson, a former Kennedy adviser whose economics texts are used on more college campuses than any others. "The book makes modern corporations into kings who rule unilaterally. They don't. They're constitutional monarchs; they try to shape the market, but they can't make the market react." Nor do TV's insistent pitches always succeed in artificially stimulating demand?as manufacturers of detergents, breakfast cereals and the Edsel ruefully concede...
...American forces away from population centers and rural pacification areas and "force us," as Westmoreland said, "to dissipate our military strength." The second phase erupted in the past week's widespread attacks on population centers and military installations, aimed at rendering impotent for a time the U.S. ability to react quickly to the third-phase "main attack" against the Marines in northern Viet...
...likes and what it doesn't like. It prefers higher taxes to tighter money, because the latter tends to draw funds out of stocks into higher-yielding, fixed-income investments-which is what happened late in 1966. When President Johnson-whose every major pronouncement causes the market to react, and often to overreact-called for a surtax early in 1967, he helped the market to spurt. Professionals figured that if taxes rose as an anti-inflationary measure, the Federal Reserve's Chairman Martin could loosen up a bit on money and interest rates. But the market went down...
Thus, one of the large factors in the market is people's judgment of other people. Markets react to what amateurs think the professionals will do, and to what professionals think the amateurs will do. Which means that the value of a company's shares often depends less on their real worth than on what some people think that other people will pay for them...