STOCK MARKET: The Bulls' Biggest Month in History

With a final sharp spurt, the stock market last week finished its most explosively bullish month ever. Easily shaking off some midweek profit taking, the Dow Jones industrial average rose 24 points on the last two trading days to close on Friday at 975, its highest mark since October 1973. That brought the rise for all of January to 123 points, the most for any month in history. Even more astonishing was the hectic pace of trading on the New York Stock Exchange: January rewrote every volume record in the Big Board book. The month witnessed the highest turnover in...