Wall Street: On Toward 880

Only a few weeks ago, the bears were out and growling on Wall Street. The Dow-Jones industrial average faltered after a sustained rise that had sent it smashing through the magic 800 mark; in the sharpest daily decline since the assassination of President Kennedy, it dropped 6.77 points in one day. As the bears saw it, this was the start of the major shake-out they had been expecting all along: it was time to dig in for a slide to well below 800. But the market barely gave them a passing nod before it turned around and galloped up 18...