WALL STREET: Too Many Bears?

Seldom had Wall Street been so full of bears as it was last week, after the stock market had been pounded by its second week of sharp price drops. Some of the bears were old familiar fellows, such as Broker John H. Lewis, one of the few prophets who correctly foretold the onset of the 1946 bear market (which lasted until 1949), and who has been growling gloomily ever since. But there were also plenty of ex-bulls behind the trees. Everybody was asking: Has the great, postwar bull market finally come to an...

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