"The market is like a good wife," says the August investment letter of Hayden, Stone Inc., "sometimes delightful, sometimes a drag, largely unpredictable, but on the whole a good long-term holding." Last week the good wife of Wall Street was in one of her enthusiastic moods. All summer, such indices as the New York Stock Exchange composite hinted a bull market was building. Last week the Dow-Jones industrials established this year's high to prove it.
Monday's market, after an 8.03 point drop the week before, made a strong try at gaining back the loss; at midday the industrials were up...
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