Word: slump
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Dates: during 1960-1969
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...York, scene of the disaster, Manhattan papers scrambled to make up for lost time. The Times crammed 14 stories and 250 column inches on the slump into a single issue. With less space to play with, the Herald Tribune still broke out in a rash of eight stories, as well as a Page One editorial blaming the decline on President Kennedy ("Unease about Mr. Kennedy's course is undeniably a major factor"). Hearst's Journal-American waved one streamer after another, in appropriate red ink. But behind all this breathless coverage lay a fact in which...
...Trigger. Nearly every paper explored the causes of the slump-and many lined up with the New York Herald Tribune in blaming the President. "What might be called the Republican guess," said the Daily News, "is that President John F. Kennedy brought on the recent market slumps and slides with his savage, Gestapo-like attack on the steel companies. Democrats guess otherwise . . . that the market re-entry actually was caused by a widespread realization that the era of inflation in this country is over for a long time to come. Our own hunch is that Columnist Walter Lippmann taxed...
...there were a few notable bearish growls. Walstorrs Tabell, who last August predicted the current selloff, now looks for a slow, two-stage climb back to about 750 on the Dow-Jones index-and then a slump of even greater severity than the present one. Los Angeles Investment Counselor Richard Ney, who once played Greer Carson's son in Mrs. Miniver and later married her, has been blatantly bearish most of the time since last October...
...bench. But with Harvey Kuenn hitting well over 370 there seems to be little place for them now. As for M. Mays, who the other day assaulted the New York Mets' little Elio Chacon the way the Giants were assaulting the Mets, he is coming out of a slump which did not prevent him from leading the league with 16 home runs. Teammate Orlando Cepeda is right behind him in that department with 11, leads with 49 runs batted in, and is wielding a .349 bat. Felipe Alou is third among N.L. hitters with a .338 mark...
...United States economy should have confidence." Said Commerce Secretary Luther Hodges at a Washington convention of the National Association of Home Builders: "Business generally is good and should improve well into 1963." Said Dr. Walter Heller, chairman of the President's Council of Economic Advisers: The stock market slump "is not a reflection of current disappointments and downward revision in the near-term economic outlook...