Word: stockmarket
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...evening last August, just before Hitler's armies marched into Poland, three backers agreed to put up the $1,500,000. Then Hitler marched into Poland and the stockmarket shot skyward. Overnight two of Editor Ingersoll's angels backed out, decided that the place for their money was in the market. Ingersoll swallowed his disappointment and set out to find new backers...
...said they paid no attention whatever to the stockmarket, 23% noticed big rises and falls, 15.1% followed "general quotations fairly regularly," 11.6% followed "certain stocks...
...thought "any small investor who buys stocks on the New York Stock Exchange is foolish"; 44.6% that "only 'insiders' can make much money on the stockmarket over a period of time"; 52.1% said speculation was gambling; 60% that anyone who buys stocks and bonds is speculating...
...ancient saying, sell when the good news is out, might account for these typical examples of recent stockmarket behavior. But certainly the stockmarket which bounded ahead enthusiastically when war commenced, last week showed a phenomenal indifference, if not distaste, for good news...
...when William Peter Hamilton died, Dow, Jones & Co. needed a new high priest to lead the Dow cult of stockmarket analysis. They published some of Rhea's "notebooks" in Barron's weekly. The next year Rhea put his ideas on Dow lore into a book and, after publishers refused it as a white elephant, published it himself and sold over 90,000 copies. Letters began to pile up on the foot of Rhea's bed, and, unable to answer them individually, he one morning sent out a note to the effect that if & when he had anything...