Word: stockly
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Dates: during 1950-1959
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...Year-End Review, in which the editors scan the U.S. economy for the year just past, and present a forecast for the year ahead. Over the last decade nothing has loomed larger in the financial news than Wall Street's bull, long a symbol of a rising stock market. But to TIME'S editors the bull does not mean Wall Street alone. He is also a symbol of the power of the U.S. economy. In the past ten years TIME'S readers have seen five bulls on the cover-three with midyear stories on the state...
...cover this week is the fifth bull. (The first four were drawn by Artist Boris Chaliapin; this week's is the work of Boris Artzybasheff.) The theme of this Year-End Review is that the U.S. now has a new kind of stock market and a new kind of economy, to which many of the classical rules of economics no longer apply...
...survey of 300,000 big, little and medium-sized investors, discovered that the vast majority bought for long-term investment and had no intention of selling, despite the recession. Even American Telephone & Telegraph Co., that staid old lady of the utilities, is getting to be a growth stock...
...workman who once put aside a few dollars a week towards his retirement, now buys into the market through a mutual fund or the Stock Exchange's Monthly Investment Plan. So does the middle-income white-collar worker who hopes to send his son through college, the matron who saves to give her daughter a bang-up wedding. In Atlanta Mrs. Sara Pfeiffer, a trim, energetic grandmother and freelance writer, has organized three investment clubs, is busy with a fourth. Says a Cleveland commercial artist: "This year I became a capitalist. I went into the market for the first...
Matson is selling out because its Hawaiian investors, who own 42% of the company, are clamoring for the line to concentrate on shipping, sell off its many holdings in the oil, insurance, trucking and hotel fields. Matson's California investors, who own the majority of stock, have agreed to dispose of the hotels but oppose the other sales. Management's split runs so deep that there is talk of liquidating the whole company...