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Publication: European Stars and Stripes Sunday, February 10, 1991

You are currently viewing page 17 of: European Stars and Stripes Sunday, February 10, 1991

     European Stars and Stripes (Newspaper) - February 10, 1991, Darmstadt, Hesse                                Sunday february 10, .1991. The stars and stripes Page 17 Bull Market continues to close Strong new York up a the Stock Market rallied for a fourth straight week with the momentum fuelled by traders fears of missing out on gains As Well As he Large amounts of Cash that had built up on the sidelines. The Dow Jones Industrial average jumped 20.05 Friday to end the week at 2830.69, gaining exactly 100 Points in the five  3.66 percent among broader Market indexes Standard amp poor a 500-Stock Index surged 16.30 to end the week at 359.35 and the new York Stock Exchange composite Index gained 8.70 to end the week at 196.10. Advances pounded declines 1,692-339 among the 2.192 nose issues traded last week. Weekly big Board. Volume total eds 1,287,983,790 shares compared with 966,924,020 a week earlier and 774,980,820 shares a year ago. A the rally was interrupted Only by a 20-Point pullback thursday a hich was itself wiped out by a virtually identical gain Friday. Throughout the week bouts of profit taking met Only with More buying from traders looking to grab up More stocks on any dips in Price. The markets surge has taken the Dow up almost 400 Points from last month slow of 2470, hit Jan. 9 whelk attempts to Avert a War in the persian Gulf specifically the talks Between Secretary of state James a. Baker Iii and iraqi foreign minister Tariq Aziz failed. Indeed the move up has been so Strong in terms of its duration and breadth meaning it has not been confined to the Dow industrials that some analysts Are talking about whether Wall Street has entered another Bull Market phase. Ricky Harrington director of investment policy and asset management at Marion Bass securities in Charlotte n.c., said that he did not think the rally could be called a Bull Market but that he extracted the upward momentum to continue for a while. A unless there a some dramatic news out of the Mideast i think Well rally again next week. But i Drift think we Jean a Bull Market yet a he said a Short term momentum is Likely to remain intact for a while though probably another several weeks. I done to think its like 1982 or 1975 when two big Bull markets began yet  x however Alfred Goldman Market strategist at . Edwards amp sons inc. In St. Louis said he was not surprised by what the Market has been doing these Days. A this is just a continuation of the Bull Market that started on oct. 11, 1990,�?� he said noting the Downs Low close last year of 2365.10. A this is a full fledged Bull Market and the word is finally getting around to the bears that something serious on the upside is going on a he said. A a it a a feeding frenzy with panic buying by the bears who have been fighting the  if this is still a Bear Market Goldman said it would have to be the most profitable one he has Ever been part of a this Bull Market is doing what every one classically does a drives  till they can t stand the pain any  \ g on the trading floor last week general motors a despite  in its quarterly dividend a w As the most Active Issue up 11 s to 37 i. Philip Morris followed up 2 s to5�?~p 4. Citicorp was third up. 1 to Kyt. A among the other Blue chips at amp to gained 2 to 34, ism Rose 2ss to i29 7general electric jumped i1 4 to 65�?T/�, Exxon added z s to 53 a american express Rose 17/s to 24 / and i Astman Kodak climbed 2v to 45 i on the american Stock Exchange the amex Market value Index jumped 17.85 to close Friday at 336.88. Advances led declines 664-210 among the 1.018 issues traded. Amex volume totalled 93,166,815 shares up sharply from 67,446,275 traded a week earlier and 41.895,335 traded in the same week a year ago. Millhaven led the amex actives up v to 21 the National association of securities dealers composite Index surged 19.11 to end the week at 436.80.mutual funds from Page 16 to inc 8.26 tote. 7.24 old Opp 6.49 nationwide ads Natad. 9.26 Natt 8.33to for Quot 9.66 Neuberger berm genes. Guard a Umal. Map in Pari or select new Alt f  5.53 40.46 10.08 9.84 17.35 18.76 26.50 10.53 new England ads Baian p by inc p. Glob up. Goth p re temp. Tex p. Rymun p a a new tit. Newton. Nicholas group Nieh a Chat -. A Chen Nch i Node tvs. A Neon Var Omurl North am Sec to 9.03 11.32. 12.78 9.82 6.25 7.32 1.06 23.02 b.34 8.76 .02 7.68 .03 6.89 .03 10.01 .02 9.01 .02 9.66 .01 no 02 no .17 no. No. No .09 Elfr. .03 28.09 ,15. No .06 9.66 .05 11.85 ,03 13.38 .01 10.50 .17 6.68 .04 7,66 .01 1.06. No .17no .02 Stet. 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