The great bull market stumbled to its knees last week. In five days stocks, as rated by the Dow-Jones industrial average, took their worst spill in 15 years. The selling started slowly on the first day of the week. Next day, as brokers crowded around the 18 trading posts of the New York Stock Exchange, the trickle of sales turned into a deluge. On four out of five days prices dropped, volume soared as high as 4,590,000 shares a day, highest daily total since the beginning of the year.
Aircraft stocks, favorites in the recent rise,...
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