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...

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