Wall Street: Strength in the Clutch

The stock market usually plunges on news of ominous or unsettling events—as it did for the Korean War, the Eisenhower heart attack, the Cuban missile crisis, the Kennedy assassination—and it usually takes days or even weeks to regain its equilibrium. Last week certainly produced enough news to unsettle Wall Street, but this time the market's reaction was different. Despite the Jenkins scandal, the Kremlin overthrow, the Chinese bomb and Labor's victory in Britain, the market dipped for only a few hours, quickly reversed direction, and by week's end had made up practically all its losses.

Dropped Napkins. The market historically...

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