Word: surginger
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IN the economic year of 1954 the world had a clear and easily understandable measure of the soaring strength of the U.S. That measure was the great bull market in stocks. Stock prices rose higher than in 1929, and on the last day of the year the Dow-Jones industrial...
Aside from the surging public confidence, the greatest force for stock-market stability was the confidence of the big professional investors-the huge pension funds, insurance companies and mutual funds. Out of the $148 billion worth of shares listed on the New York Stock Exchange, an estimated 46% had already...
When the buzzer sounded, two pilots, bulky in their flying gear (pressure suit, parachute, oxygen mask, survival kit, maps), dashed toward two long, lean F-86D fighters. In two minutes they were surging down the runway with a crashing roar, and two more jets rolled into position for takeoff. Before...
The surging bull market paused briefly last week to catch its breath, then leaped to new highs. The Dow-Jones industrial average climbed to 389.60 at week's end, up almost two points from the week before. Said one Wall Streeter: "It used to be that the market rose...
For more than 25 years, one statistic has spelled for Wall Streeters the excitement and romance of the Roaring Twenties. The figure was 381.17, the highest closing point reached by the Dow-Jones industrial average in the 1929 bull market. In all the years since, investors hardly expected the market...