Institutional Investors Drive Stock Boom and Glamour Stock Volatility
The piece notes institutional investors as the dominant force behind rising trading volume and wild swings in glamour stocks. It cites NYSE turnover near 16 percent for listed shares, mutual funds at 25 percent, and April 1966 rates up to 23 percent, with funds expanding blocs in favored issues to beat averages and absorb new money. It also mentions increased aggressive investing by funds and large individual investors joining small speculators in quick-trade dynamics.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Little Fellows
Complete Dispersal Auction in Huntsville Alabama
A complete dispersal auction offers four modern commercial buildings in Huntsville, Alabama fronting Highway 20 with 175 feet and 75 feet to the railroad. The four buildings each have basements and current leases to Stephens Electric Company Bargain City R N McMakin Agency. one building remains to be leased. The 13,000 square foot office building includes a full basement a leased apartment and paved parking with loading access. it remains leased at about 600 per month plus the unleased apartment. The Rocket City location is described as in excellent repair and highly suitable.
MENTIONED IN THIS ARTICLE
Rocket City
Huntsville
Alabama
Stephens Electric Company
Bargain City
R. N. McMackin Agency
The Big Funds Seek Blue Chips Of Tomorrow
Investors and fund managers chase stocks with strong potential while fearing rapid withdrawals could crash glamour shares. Proponents call it prudent cash buying that sustains long term value, while critics worry about synchronized selling and market fragility.
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