Word: stockely
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Dates: during 1970-1979
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...used to be assumed that while a President got blamed for bad news, he got compensating credit for good news. Some people now doubt that the equation still balances. This country is used to success. Thus, while a rising stock market is taken as an inherent right, a nervous market becomes the President's baby...
Suddenly, it seemed, the stock market had become a kind of political poll, one that pointed down, down, down -down on Ford's chances of staying in the White House, down on Carter's populist economics, and down, or at least doubtful, on the strength of the nation's economic recovery. As the election approached and investors caught the jitters, the calm but healthy bull market that developed with the onset of recovery last year seemed to have been taken over by the bears. In five days of busy trading last week, the 30 stocks...
Another casualty has been the euphoric mood that gripped the market in the early part of the year. Back then, stock prices rose on the crest of a robust 9%-plus economic growth rate. For a while, stock analysts were happily forecasting an "upside breakout" that would lead the market to a new alltime high above the January 1973 peak of 1051.70. Though business began to slow in April, economists in and out of Government remained convinced that it was just a temporary lull. Investors' expectations remained high, and the Dow hovered around 1000 through most of the summer...
Died. Hondo Crouch, 60, self-proclaimed mayor of the central Texas town of Luckenbach (pop. 21); of a heart attack; in Johnson City, Texas. Crouch bought deserted Luckenbach "lock, stock and parking meter" five years ago. He invited visitors to such celebrations as a Susan B. Anthony Chili Championship and the Luckenbach World's Fair, which drew 10,000 last year...
When two dozen black students broke into and occupied Mass Hall in April 1972 to protest the corporation's decision not to sell Harvard's shares of stock in the Gulf Oil Corporation, Walter J. Leonard, special assistant to President Bok, found himself in an especially sensitive situation...