Word: stockely
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Dates: during 1970-1979
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...Though official Government estimates on expansion for the period will not be out until this week, most economists have already scaled down their earlier growth forecasts from 4% to 3%, or less. All at once fear settled like a fall frost on Wall Street, chilling investor confidence and sending stock prices spiraling downward in the worst plunge of the year...
...Carter victory is not historically justified. Says Ehrlich: "The market has generally done better under Democrats than Republicans because economic growth under Democrats is usually faster, which has generally meant a faster growth of corporate profits." For example, in the first year of every Democratic Administration since 1948, the stock market rose an average of 15.6%; in the first year of every Republican Administration since then, stocks have declined by an average...
...cause for edginess. As Bud Simons, research chief of Weeden & Co., notes, "We will not get back to 1000 until we get some signs that the economy is improving." There is little chance of that happening, at least in the next few weeks. Thus some brokers now believe that stock prices will continue to slip, dragging the Dow down to a low of 900 or so before Election Day. Indeed, some analysts believe that such a drop might be a healthy correction that would leave the market poised for a new and sustained upward march later on. For the moment...
Aside from the slumping stock averages, the signals on the economy's health last week were mixed. On the bright side, the University of Michigan's quarterly Survey of Consumer Attitudes found a "very favorable" outlook for the kind of open-wallet spending needed to continue the recovery. For the first tune in three years, in fact, a majority of the families polled thought it was a favorable time to buy big-ticket household items like furniture, refrigerators and TV sets. Yet other key indicators suggested continued economic softness. In September, retail sales rose an almost imperceptible...
...first time since the 1950s, the company is behind ABC and NBC in the audience ratings. Since programming is not a direct responsibility of CBS's president, Taylor might seem to be free of responsibility for the plunge in ratings or the consequent six-point drop in CBS stock since the new TV season began last month. But Paley, some insiders believe, blamed Taylor. He invented the industry's new "family viewing hour"-the sanitized period between 8 and 9 p.m. in which programming is supposed to be free of sex and violence. To meet family-hour standards...