Word: stocked
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Dates: during 1940-1949
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...airline executive, Juan Trippe gets a salary of $23,050 a year. His fortune stems from what he has been able to make on Pan American stock, of which he owns or controls some 69,000 shares (now worth 1,000), only 1.1% of Pan Am's 6,145,082 shares. Said one friend: "Trippe doesn't care about making money. He's thinking in terms of domination...
...Mary Britton Miller took stock. She had written five volumes of poems and a rather good novel, In the Days of Thy Youth, a story of a deep attachment between twins. Yet Mary Miller had never produced a sound critical success, had never come close to authoring a bestseller. Was she, after all, just another New England spinster with literary inclinations...
Glenn G. Munn of Manhattan's Paine, Webber, Jackson & Curtis seemed bullish. Said he: "Time is running out on this stock market [down] cycle." On the other hand, he was also bearish: "Business may be in a slow-motion rollover into an oldfashioned, spiraling, chain-reaction decline." However, investors should also remember that "we are in ... the Treasury-Keynesian-Keyserling cycle. That means Government intervention-cheating the silly down-cycle from its accustomed brutal innings...
Wall Street Economist Nicholas Molodovsky of White, Weld & Co. finally took the bull by the horns. Quoth he: "Stock prices are still engaged in a long-term basic cyclical decline. Yet I also believe that, within a shorter segment of time, we are now at the inception of a significant intermediate rise...
...seers packed up their charts and headed for home, only one question was left unanswered: Where is the stock market going...