The stock market sprang another surprise last week. Normally, before a holiday, the market is supposed to turn dull and drop a few points. But last week, in a strong upsurge, it rose four points to 270.25 in the Dow-Jones industrial averages, the highest mark in more than 21 years.
Thus the market confounded both the bears and the financial soothsayers who had thought that the summer slump would give it a permanent downward push. Actually the market never got below June's low of 242.64, and has climbed 27 points since.
Different Animal. Most crystal-gazers have been baffled because they have...
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