Word: spreadout
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Dates: during 1960-1960
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...fact that the stock market appeared to be taking a new look at such key business developments as the tapering of steel production and the slow buildup in inventories. Investors were reassessing these developments for what they are: not signs of a recession but signs of a spreadout in industrial activity that should lengthen the overall uptrend of the economy. Most Wall Streeters now do not believe that there will be a recession in 1961. As for the market, it may well take a breather until first-quarter reports. They are expected to be good, give stocks a new upward...