Astonished

Large Weekend Price Rebounds Surprising to Many

The market astonished many traders with its show of weekendstrength Friday. They had anticipated that a week of falling priceswas about to reverse, but few if any were looking for much morethan flat numbers at most points. Instead, only small declines atStanfield and Kingsgate differed from increases ranging from about20 cents in the Rockies to triple digits in California.

January 22, 2001