Word: stockmarketeer
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Dates: during 1920-1929
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...rally in stock prices. At this writing, the recovery in the stock market is still difficult to interpret with complete assurance. Nevertheless it bears the appearance simply of a "covering movement" by previous short sellers, and is consequently of mainly technical and temporary significance. It is noticeable that the stockmarket has given no real signs of accumulation, and that the strongest stocks have generally been those whose declines had produced a large "short interest...
...first the trip from New York City to Albany was made always on river steamboats. Presently, however, the Hudson River Railroad, running up the eastern bank, was constructed, as well as one on the western bank. These independent lines were purchased in 1863, after a historic struggle in the stockmarket by Commodore Cornelius Vanderbilt. A few years afterwards, he also acquired the New York Central, and thus consolidated the route to Lake Erie...
...decline in the stockmarket, while due to professional causes, has occasioned many second thoughts in the financial district, and the tendency is to take a not too rosy view of the business outlook. This may be due to the old habit of letting the stock ticker regulate one's optimism, or it may be rather more fundamental than that...
Ever since the turn in the stockmarket, investment bankers have been rapidly putting out new security issues, rather with the air of making hay. The principal issues recently "floated" include the $100,000,000 American Telephone and Telegraph Co. debentures; $6,000,000 State of California gold bonds; $20,000,000 Southern Railway 6's; $5,000,000 City of Los Angeles 4¾'s; $2,156,000 City of Akron 5's and 5¼'s: $1,200,000 Mississippi Power and Light 6y2's; $5,400,000 Chicago and Alton Equipment Trust...
Those who, by following the original advice, find themselves several hundreds, or perhaps thousands, of dollars the poorer thereby, have at least the satisfaction of knowing that Science itself erred with them. The action of the stockmarket has thus been shown highly irrational and indefensible. One has only to inspect the Charts to become convinced...