The Archive · 1933

Stock Outlook

While there is little doubt that a major, bull' market exists, the appears to be no need at present for hasty buying. A policy of watchful waiting seems advisable until it be more detin not through their July resistance lev and thus confirm the bearish imp! cation of the rails' previous action, At thely low for the week of 98.18 on Wednesda: trials were still Wye points above their July.

snd it ig obvious that they it further before any valid conclusions can be drawn.

Text read from the printed page and cleaned; old type leaves the occasional error.

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