INVESTORS WITHOUT A COMPASS

摘要

How bad will the stock market get? That's the $10.8 trillion question-roughly the market value of corporate America-two weeksrnafter the terrorists struck at the heart of Wall Street and American capitalism. In the first five days after trading re-sumed, the Dow Jones industrial aver-age suffered its biggest weekly per-centage decline since 1933, falling 14.3%, to 8236. Over that weekend, Wall Street investment strategists started talking up the bargains created by the torrent of selling. And by Sept. 26, the Dow had recouped to 8567.