STATE OF BUSINESS: Runaway Market?

Is it, as one Wall Streeter called it, "a runaway market—a panic of dollars into stocks?"

Last week the Dow-Jones industrial average rose 15.21 points, burst through the 500-mark for the fourth time in history. At week's end the average stood at 501.76, highest since Aug. 5, 1957, and within hailing distance of the alltime postwar high of 521.05. Even more surprising was the volume: 18,581,325 shares, heaviest week of the year. Instead of tapering off at the weekend as it often does, the buying increased steadily, left the tape minutes behind as 4,427,280...

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