Word: marketed
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Dates: during 1960-1969
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...from 90% to 70% seemed too little, too late. New York Stock Exchange President Keith Funston called it a "step in the right direction," but urged a bigger cut to "a more normal rate." Though most welcomed it, some brokers feared that the cut, coming when the market has been sliding, would only create doubts about the market's future...
...worth of stock. The other 30% of the price of the stock is bought on credit, covered by a loan made by the broker, on which the customer pays 4½% to 5% interest. The Fed's move actually affects a small-but important-part of the market, since only some 20% of all shares traded on the New York Stock Exchange are on margin. With less "down payment" required, an investor is now able to increase his stock holdings immediately if he wishes. Brokers' phones were busy all day after the announcement, answering thousands of questioners...
...juggling margins, the Fed tries to control speculative excesses by regulating the amount of credit flowing into the market. The Fed now believes that stock market credit is relatively stable at about $4.2 billion-and that a 70% margin is enough to keep it that way. Actually, this is only $165 million less credit than in October 1958, when the stock market and credit were soaring so high that the Fed raised the margin from 70% to 90%. And in April of last year, despite the increased margin, there was $550 million more credit outstanding on stocks than now. Thus...
Since the end of the 1946-47 period, when 100% margin was required (i.e., stock could not be bought on margin at all), the Fed has cut margins four times. Each time the margin changes had little effect on basic market trends except to stimulate short-term rallies and raise volume...
...Gladiator rapped out three hits. Ballplayers figured that young Hillerich made bats with hits in them, rushed to place orders. By 1904 John Sr. was a full partner in the firm. He started an advertising trend by getting famous players to endorse his bats, wrested the professional bat market away from front-running Spalding Manufacturing...