TIME Covers Wall Street
1962: Bear v. Bull on Wall Street
"Of course this was no 1929 again there are too many safeguards around for that but Wall Street's news was disquieting nonetheless. Today's stock market is neither the clubby preserve of the rich nor a Monte Carlo for bet-a-million adventurers: it is a national institution into which one U.S. adult in eight has placed part of his savings. So much has been invested in the market by private pension funds ($17 billion on the New York Stock Exchange alone) and insurance companies ($12 billion) that what happens on Wall Street affects every pocketbook in the land."
From: One Hectic Week, Jun. 01, 1962