Show BUSINESS r rs s i m BETTER TIMES AHEAD FOil FOK STOCK MARKET l Since the beginning of 1977 the stock market has experienced experienced ex mixed results While many of the leading industrial stocks have slipped to their lowest levels In quite some sometime sometime sometime time issues issues- many secondary pa particularly those offering a generous and well protected income have held up well Viewing the market as a whole there is a nagging fear in some quarters that a clean out liquidation phase will have to take lake place before there can be a substantial and tenable market advance Whether such a development will occur is of course open to question Historically I there is evidence that a protracted desultory stock market performance is sometimes followed by a so called selling climax There have been occasions however where a climactic-albeit climactic brei f. f nose dive has not been needed to tolay tolay tolay lay the groundwork for a substantial general improvement improvement im im- im provement in stock prices |