WALL STREET: What Breed of Animal?

Like the state of the whole U.S. economy, the stock market last week was something of a puzzle. At week's beginning it continued the decline of the previous week in a heavy sell-off that pared 16 points from the Dow-Jones industrial average in three days of heavy trading.

Then it turned around and headed upward, at week's end staged a rally that pushed the industrials up 9.55 points—to 580.14—in the biggest one-day gain in nine weeks.

Bull or Bear? Was this the end of the slide, or only a breather in the midst of a big bear market? Sidney Lurie of...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!