Word: stockmarket
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...view. Said Tom Phelps: "Many Americans, despite their dislike of Communism, lack enough faith in capitalism to risk their money on its ability to produce sustained prosperity. Many others . . . lack not faith but cash to buy stocks after paying record high taxes and living costs. [As a result] the stockmarket remains the only uninflated segment of our economy...
Remnants. Analyst Phelps had made the understatement of the week. The gap between stock prices and stock earnings had narrowed to the point where the stockmarket seemed like a bargain basement. But even the hand-me-down prices were not tempting enough to investors...
...rosy profit figures did not cheer the stockmarket. It apparently felt that K-F's cars, overpriced when compared to other makes, may soon run into tough competition. On news of the new issue, the price of K-F's existing 4,750,000 shares of common stock fell from 14¼ to 12, then firmed up slightly at the weekend...
...Fever. In all the optimistic bustle, there was only one area of quiet deflation: the stockmarket. The great wartime bull market had died in 1946, scared to death by fear of the recession that is not yet here. Yet the stockmarket went right on acting as if recession were just around the corner. Wall Streeters wryly quipped that New York Stock Exchange President Emil Schram "was the one man in the country to reduce prices...
...sudden drop in the price of long-term Government bonds. Last week's drop, over two points in some issues, was the biggest in more than a decade, and it touched off a wave of selling which quickly spread to corporate and municipal bonds. The New York stockmarket, which had been showing signs of a year-end rally, was stopped in its tracks. Cause of all this: a surprise move by the Federal Reserve System which curbed credit...