Word: walston
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...other hand, many market experts realize that the same psychological whimsy that has sent the market into a slump can halt its decline at the least sign of brightening economic weather. At week's end, Wall Street kept an anxious eye on the business barometers. Said Walston & Co.'s Edmund W. Tabell, one of the Street's top market analysts: "If Christmas sales and automobile sales pick up, 420 will be the bear market...
...heroes are three Navy aces (Gary Grant, Ray Walston, Larry Blyden) who hitch a ride back home for a four-day pass. "I came here to get drunk and chase girls." Grant announces grandly, but pretty soon an s.o.b. of a VIP (Leif Erickson) tries to pull him off the girls and push him on a stage-to make like a hero for war workers. The rest of the story describes how Grant gets even with the fellow by making time with his girl (Suzy Parker), and how in four days the three flyers get so sick of looking...
...road company lacks some of the sparkle of the original cast, which for the most part is still playing in New York, they put the show over with considerable verve and finesse. Ralph Lowe plays the lead in suitable all-American-boy style. As Applegate, alias Mephistopheles, Ray Walston is properly sardonic and fast-paced. Devra Korwin, who handles the part of the standard siren played by Gwen Verdon on Broadway, is the major sex interest of the show. As a dancer, she is expert, but as a singer she is better to look at than to listen...
Thus, say Wall Streeters, the wise investor should pay more attention to earnings and dividends of individual stocks, plus the overall stability of the U.S. economy and its future prospects before deciding whether the market-and any individual stock-is too high or too low. Says Walston & Co.'s top Analyst Tony Tabell: "Everyone would be a lot better off if they forgot the averages entirely and concentrated on individual stocks, but we can't seem to get it through to the public...
...Luttrell Maclin. the "election of the Democrats would not be catastrophic, or even necessarily bearish." His explanation of the slide: "The market was just too high. General Motors and Du Pont, for instance, reached their high a year ago, and they've been going down ever since." Walston & Co.'s Research Director Edmund Tabell, a top chartist, added: "The market has lost upside momentum for 18 months. But this is not what I call a bear market. This is just a selective market...