Word: sellinger
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Dates: during 1970-1979
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On the Big Board, sanity began to return late Wednesday, when large institutions like insurance companies and pension funds moved into the market heavily to buy up stocks that other less cool-headed investors had been selling off at unrealistically low prices.
His prediction proved correct. As an unseasonable October snowfall swirled outside, a far fiercer storm began to rage inside the exchange. Only minutes after trading opened, brokers were deluged with orders to sell. By the time trading had been under way for an hour, everyone realized that the rush was...
In all, 228 underwriters-including the Abu Dhabi Investment Co.-were involved in the syndicate selling the issue, and their losses may run as high as $25 million. The main reason was that the Federal Reserve Board jumped the gun in pushing up the discount rate to banks to a...
The Yankee dollar's weakness on money markets also reflects decreased innovation. For years high-technology exports such as computers and telecommunications equipment provided a comfortable trade surplus. But since the early '70s foreign manufacturers have strongly challenged American industrial products, and the U.S. has been suffering increasingly...
Supercars are selling strong-but trouble lies ahead