Word: marketed
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Dates: during 1960-1969
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...market's drifting down has been not so much from selling as from lack of buying; average daily volume last week was 2.8 million shares, very low for a week's decline of 23 points. The market is so thin that a sale of a few hundred shares of some stocks can drive the stocks down several points. The drift has moved many professionals to sit on the sidelines and wait for a selling climax. In market folklore, a heavy trading day with the ticker running late on the down side is just the thing to clean...
Last year the stock market often ignored bad news; the Dow-Jones industrial average reached a new high during the steel strike. Now, despite good earnings, hefty dividend hikes (see Earnings) and predictions of peak production, the market went its own morose way; the Dow-Jones industrial average dropped 23.23 points to end the week at 622.62. Auto stocks plummeted, for example, largely because of some doubt that the industry will run up the predicted 7,000,000-car year. Yet it seemed clearly headed for at least a 6,500,000-car year, the second biggest in history. Auto...
...budget surplus of $4.2 billion for fiscal 1961 and the promise of further surpluses, which can be deflationary. Whether or not the Administration actually realizes its 1961 surplus will not be known for at least a year, but the very possibility has already had a psychological effect. The stock market is also afraid of tight money, with its nipping effect on many areas, notably housing starts; yet the squeeze appears to be easing. Moreover, if the Administration does get its surplus, interest rates would probably drop, since the Treasury would no longer have to go to the market to raise...
Selling Climax? The stock market, on the other hand, tries to reflect not what is happening but what will happen-though, as a prophet, it has been proved wrong as often as right. Some curbstone economists are even looking ahead to "the next recession,'' variously estimated to occur in 1961 or 1962, and trying to get into their storm cellars early...
Ford Motor Co. this week unveiled its second entry in the compact car market and the sixth U.S. compact car: the Comet. Planned as the successor to the defunct Edsel, the Comet is longer (wheelbase: 114 in.) than most other compacts, will sell at less than $100 above the Falcon. Ford hustled to get it out because the compact car market is proving to be the hottest thing that has happened to Detroit in years...