Word: stocked
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Dates: during 1970-1979
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...anniversary of the introduction of the energy program that Carter had once called the moral equivalent of war; the following day came news of a Senate compromise on gas deregulation and at last the possibility of a breakthrough for the energy program. On the economic front, the long grounded stock market took off like a Concorde, but Carter was informed that his tax-reform program was doomed. And in Moscow, Secretary of State Cyrus Vance was trying to make progress toward a SALT treaty that some Senators openly promised to reject...
That sardonic explanation is as sound as any for the explosion of optimism that sent the long depressed stock market kiting more than 55 points in six trading days through last Thursday. The wild rally that started April 13 hit a peak of frenzy at the start of last week: on Monday, April 17, as whoops and cries echoed through the New York Stock Exchange and floor traders tossed torn-up paper in the air to celebrate, an unbelievable 63.5 million shares changed hands, and the Dow Jones industrial average spurted almost 15 points. Prices stumbled a bit the next...
...their stampede to buy before they missed out on potential profit, investors shrugged off news that only a fortnight ago might have sent prices into a spin. Some highly technical midweek moves by the Federal Reserve to drain money out of banks and thus nudge up interest rates depressed stock prices for only a few hours. Traders concentrated instead on cheerier trends, above all a long overdue rebound in the dollar on world markets...
...talking of 100-million-share days if and when the little guy joins the buying rush. Trading was still dominated last week by institutions such as pension funds, mutual funds and insurance companies. Edson B. Gould, 76, an analyst with Anametrics Inc., who has an awesome reputation for calling stock market turns since 1924, predicts a return to the magic 1000 mark on the Dow by early fall...
...University sold its equity stock in such banks this spring, but still owns some non-voting stock...