On Wall Street, it's goodbye to fear and hello to foreign investment money
"There are only two emotions in Wall Street: fear and greed. For most of 1977, we had an excess of fear. The last few days, greed has come back with a vengeance." William M. LeFevre, vice president of Granger & Co., Manhattan brokers
That sardonic explanation is as sound as any for the explosion of optimism that sent the long depressed stock market kiting more than 55 points in six trading days through last Thursday. The wild rally that...
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