Currency trading training – Closed-end companies also tended to raise their liquidity ratio in moderate amounts.
One of the interesting sidelights is that in almost every period, some investment companies buy and other investment companies sell about the same amounts of a stock. In the quarter reviewed, purchases of United Aircraft amounted to 20,400 shares, with sales totaling 21,000 shares. In the third quarter of 1958, the Dow-Jones industrial average advanced more than 10 per cent to an all-time high. A. Wilfred May noted that for the first time in a long interval, investment company policy during this quarter pursued the course of the stock market and business. In the quarters immediately preceding, it was contended the funds had maintained "judicious defensiveness.
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