The U.S. market staged a dramatic recovery , while Asian stocks climbed. Global traders bet big on bonds . The woes on Wall Street didn't shake the city's retailers. October can be a financially cruel month . Fed sees a benefit in slower economic growth.
China has huge stakes in the outcome of Asia's stock crisis.
Panic selling in Hong Kong is checked by U.S. market surge. Columnist James K. Glassman points out tough lessons the market teaches. The Dow buoyed sagging Latin and European indexes. Investors lit up the switchboards of mutual fund companies . U.S. financial computers handled the crunch of record trading.