Word: slump
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Dates: during 1960-1969
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...Americans to buy moderns. Now that first-rate moderns are created in New York, Americans-and many Europeans-buy them in New York.*Moreover, as Cordier says, "the art market is particularly sensitive to fluctuations in the stock market," and the Paris Bourse failed to recover from the 1962 slump as strongly as the New York stock market...
Higher Earnings. Some brokers look for a brief slump before the next surge, but few think that the market is overpriced. Two-thirds of the Dow-Jones stocks are selling below their 1956-61 bull market high, although profits are now much higher. The Dow-Jones shares are selling on average for only 191 times earnings, well down from 23 times earnings in early...
...MILLSTONE. From the colonial atmosphere of the New England pavilion's restaurant, you can look out onto a millpond while enjoying Down-East specialties like johnnycakes with hot maple syrup, clam chowder, fresh sea food, blueberry slump and apple grunt...
...fact, however, that while the bankers and bureaucrats are concerned about the short-range outlook, they are not pessimistic about the longer view. They believe that any slump in the near future will not be bad enough to restrain the economy's overall advance, and that demand for buildings will again send construction to new highs...
...classic business "cycle" of ups and downs (see chart), even the post-World War II boom has been interrupted by four disturbing recessions, though they have been growing briefer and shallower. But the current recovery has shown unprecedented staying power, having survived the steel price showdown, a stock market slump, the Cuban missile crisis and the Kennedy assassination. Already it ranks as the best peacetime expansion in history-and there is no end in sight...