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

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