Wall Street professionals are learning the difficulty of being unable to see the forest for the trees. Hard-bitten by many years of experience in stock speculation, they believe that what goes up must come down, and have therefore been led to sell short many of the leading speculative stocks. But the market keeps on upward, steadily and remorselessly. The paradoxical result has been that many an amateur speculator west of the Alleghanies has, by continuing to buy stocks, serenely drubbed the professionals of the financial arena.
After the Bori-McCormack concert (see Page 14) there was a startling-move in Radio Corporation of America,...
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