Word: shortly
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Dates: during 1960-1960
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...outlook for the year is concerned." Actually, the easing credit was one reason for optimism. Most economists think that the current dip is only temporary. The drop was caused chiefly by record corporate earnings and slower-than-expected inventory accumulation, which have increased the cash supply of corporations for short-term investments...
When the market slides, as it did for two months, Coe holds that the public, while buying more than it sells on the way down, finally becomes cautious. When the public gets really worried, it begins to sell short in substantial amounts in the belief that the market is going still lower. When this occurs, the market is due for a rally. During the market's lows last month, Coe's charts showed that this had happened; he rightly predicted a rally. Last week, as the Dow-Jones industrial average continued to rally, closing at 622.47, Coe expected...
...study long-term trends, many experts use a cyclical approach such as Elliott's Wave theory. As interpreted by Bolton, Tremblay & Co. of Montreal, this holds that in any period of time, long and short-term price movements take place in five major phases or waves. "In the current market," explains Bolton Partner Hamilton Bolton, "we are well entrenched in the fifth and final upward wave-the last in a bull market...
...dance, or try to." It is an apt description of his prose and his life, though scarcely of the man. At 48, Durrell is a short (5 ft. 3½ in.), chunky (145 Ibs.) man with clear blue eyes, thick blond-grey hair and a blunt face. Though his forebears were Irish Protestants, Durrell began his whirling-dervish life in India, where his engineer father helped build the Darjeeling Railway and died when Larry was 17. Recalls Durrell: "We lived the life which Kipling romanticized in Kim. All day long, processions of lamas passed my school whirling prayer wheels...
...summer visits of his ten-and 20-year-old daughters, who live in England. He is still content with the epitaph he once proposed for himself: "I intend to die young and have the following words on my tomb: 'Lawrence Durrell wishes you great passions and short lives.' If I die old, it will only need altering by one word...