STATE OF BUSINESS: Ready to Rally?

As skittish as a newborn calf, Wall Street's bull market last week stumbled hard. Stocks dropped 14.82 points on the Dow-Jones industrial average to 637.36, well down from the peak of 678.10 in early August. Brokers all gave the same reasons for the market's weakness: tight money, the steel strike and Premier Khrushchev's visit. Many of them also agreed on what the market will do next. Said Carl M. Loeb, Rhoades Partner Samuel L. Stedman: "I expect a good strong rally before the end of the year, because there is money piling up in mutual funds, pension funds, and with...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!