Magazine content is available exclusively for TIME subscribers.Wild Bears On the Loose
There it was again -- the harrowing, sinking feeling that has become all too familiar on Wall Street. Pessimism verging on panic. Stock prices plunging in a free fall. Last Friday the Dow Jones industrial average suffered its third largest drop in history, plummeting 140.58 points to close at 1911.31. Fortunately, the worst of the rout began after 2:30 p.m., and there was not enough time for a full-fledged disaster before the New York Stock Exchange's 4 p.m. closing bell. By the end of the day, however, traders could not help but think back to the 108.36-point fall on Friday, Oct....
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