Word: stockmarketeer
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Dates: during 1930-1939
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...bankers and businessmen can look about them, size up the state of business. All last week figures were being issued which showed that the Spring recovery in business did not exceed the usual seasonal gain, and was giving signs of dying away. Perhaps most frightening, so far as the stockmarket is concerned, have been the many dividend reductions and omissions, although these reflect past business, not future. During March, 114 dividends were omitted, as against 57 such actions in March 1930; 115 dividends were reduced, against ten last year...
...advice. They believe that he has sometimes made fat killings and on the whole does better than the average trader. The course of the market during the past month has justified his letter of Feb. 10 in which, after a lyric description of spring, he said: "Just so the stockmarket, paralyzed by fear for business and liquidation by wearly holders of stocks, having passed through the period of depression (Winter), gives signs to the initiated of the dawn of a new era (Spring), with its many opportunities to the alert and thoughtful to participate in the coming Bull Market...
According to the Treasury's figures, the Stockmarket's rise and fall in 1929 produced speculative profits of $2,239,763,714 and losses of $661,733,366. In the "millionaire" class, stockmarket winners took a net profit of $92,000,000, losers a net loss of $48,000,000. Total net winnings and losings were heaviest in the $25,000-per-year income class...
This posthumous story by the late Henry Sydnor Harrison is more of a sermon than a novelet, may possibly help lift you to a state of grace if you are still bemoaning stockmarket losses. Author Harrison wrote so cheerfully you may like it anyway...
...powerful bulls and shrewd little bulls have been busy of late driving bears from their green stockmarket pastures...