Word: stockmarketeer
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Dates: during 1920-1929
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Business continues to look to the stockmarket for clues of business prospects for the remainder of the year. But the stockmarket refuses to commit itself...
There is, in fact, great difficulty in saying the stockmarket is so-and-so, since it no longer acts as a unit with any degree of consistency. On a day when one group of stocks?e. g., the oils ?are strong, another group or groups will be weak. Moreover, within a single group of stocks, there are frequently opposite tendencies in the prices of different stocks...
Temperamental weather, including heat, hail and thunder storms, chills and high winds, have proved disturbing to grain prices, although advancing them. Outside that, the week proved serene and somewhat monotonously cheerful. Perhaps the improvement in what is called "business sentiment" was revealed in the stockmarket, where a tendency was shown to lift prices out of their late doldrums...
...other hand, it was rumored that henceforward he would devote his attention to the grain and commodity exchanges, since they were statistically more of a known quantity than the stockmarket...
...state of mind prevalent among business men, however, has recently changed. During the winter, a boom in trade was eagerly anticipated. When, by early spring, this common expectation was shown to be vain, an attitude of alarm spread to some extent. The collapse of stockmarket prices, the St. Paul receivership, the Hindenburg election and other untoward incidents were cited as indicative of calamities to come...