Word: rebounds
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Signs of Slackening. Each European exchange has its own local reasons for being dispirited. But there is also an overall fear that Europe's mighty postwar economic rebound is slowing down. Fortnight ago, Robert Marjolin, one of the Common Market Commission's three vice presidents, declared that he detected in Europe all the classic symptoms that herald the end of an economic boom, and speculated that "a recession might occur at the end of 1963 or later" And last week Sweden's Per Jacobsson, much respected head of the International Monetary Fund, reminded his fellow Europeans that...
After a month of dispensing gloom, the stock market finally gave Wall Streeters something to smile about last week-the kind of smile that comes only because the pain is a little less painful than before. On Thursday, June 28, stock prices staged their biggest rally since the brief rebound right after May 28's Blue Monday. In the third largest one-day jump on record, the Dow-Jones industrial average zoomed 20.37 points to 557-35. Next day it rose again modestly to close the week...
...with sell orders that pushed volume on the New York Stock Exchange up to a frantic 6,240,000 shares, they knocked the Dow-Jones industrial average down to 560.28 on Thursday. June 14. It was the lowest close since December 1958. Next day there was a predictable rebound, as short sellers moved in to replace at bargain prices stock that they had borrowed when it was higher. Even so, the Dow-Jones index rose only to 578.18-which left it off 23 points for the week...
Later in the period, defenseman Harry Howell brought the puck down ice and let fly a long slap-shot. Stephenson blocked it, but Chris Norris fired the rebound right back at him. The Colby goalie stopped that one, too, but Alpine stuffed the puck past him for the Crimson's second tally...
...Crimson simply failed to rebound during the first half, and so Princeton's early unsteadiness did not hurt the home team. The varsity's shooting percentage for the second straight night was hardly helpful either (33 per cent against Princeton...