Word: walls
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Dates: during 1960-1969
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...Mayor Lindsay, notfiied of the demonstration, flew by police helicopter from the Wall Street heliport to an airfield in Brooklyn. A few minutes later his black sedan drew up behind the crowd of shouting protestors. As he stepped out of the car and was recognized, there was sudden silence...
...federal, state, and local welfare agencies. Groups of eight or ten men, young and old, may be sitting on the small patch of grass in front, waiting for another day to pass, thinking about a gallon of wine. And traveling east you may see a poster on the wall of a deserted building urging "Boycott, Baby, Boycott," or just "B---, Baby, B---." Now you're in Watts...
...last week were auto price increases (see following story) and the consumer price index, which rose in August another four-tenths of a percent to a record level of 113.8, up 3.5% in the past year, with most of the increase due to the higher cost of food. Meanwhile, Wall Street had a kind of relapse. Two weeks ago, after President Johnson announced the suspension of the 7% corporation tax credit for capital investment, the market rallied strongly. Last week it staggered through five uncertain trading days, closed 24 points lower on the Dow-Jones industrial average...
...Wall Street's bulls like to joke that "no Fifth Avenue mansions have been built by bears." The bulls are wrong. Though most investment profits have indeed been made on upswing, Bernard Baruch bagged one of his first fortunes by bearishly selling short in Amalgamated Copper in 1901, and Joseph P. Kennedy earned more than $1,000,000 by short-selling in 1929-30. Among the other famous bears who got into the honey in the Depression were Tom Bragg and "Sell 'em Ben" Smith. One day Smith picked up a phone to make a call, but Bragg...
Bullish or Bearish? When Wall Street is caught with its shorts up, it is evident that bears have been at work. On the other side, a large short interest technically promises an eventual upward pressure on the market when the short buy to cover. In an exercise called "squeezing the shorts," artful traders sometimes purchase big blocks of stock that have heavy short positions; the idea is to push the short sellers into buying to cover and driving up the price...