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Yet after last week's spectacle, a growing number of investors are likely to put their money elsewhere. Rising interest rates on bonds are starting to siphon some big-time investors' funds away from the stock market. Many individuals are taking their market profits and putting them in banks. Says Charles Allman, editor of the Growth Stock Outlook newsletter: "I'm neither a bear nor a bull. Right now I'm just chicken." Along with a lot of others.
CHART: TEXT NOT AVAILABLE
CREDIT: NO CREDIT
CAPTION: Dow Jones industrials, daily closings.
DESCRIPTION: Figures from August 17, 1987, through October 16, 1987.