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 NEW YORK (AP) - If last week was Wall Street's big dive, this week will be where it tries to figure out how deep the water is.
Stocks are in for a shaky ride, now that the past five sessions have erased all of this year's gains and then some. Investors in the coming days will be grasping at any and all signals, both domestic and foreign, to see if the market can find a foothold.
Most market watchers now agree that last week's plunge doesn't signal disaster. The stock market, which pushed the Dow to 31 record highs since early October, had been climbing at a pace that was arguably more extraordinary than the depth of Tuesday's drop. Chatter about a big correction had been circulating the floors of stock exchanges for months — it just came as a shock that so much of the correction happened in a single day.
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