Wall Street: Now for an Encore

And so the stock market finally pushed through the 900 mark. Now what will it do for an encore? It can hardly be expected to keep up the pace of last week, when it not only ran past the psychologically important milestone on the Dow-Jones industrial average but set new highs on all five trading days, ending the week at a historic 902.86. Where it goes from here depends on many things, of course, but an even more decisive role than usual is sure to be played by corporate profits. Unlike the grossly speculative markets of a few years...

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