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ReprintsThe rebound has also confirmed the belief of many individual investors that equities are the best long-term investment, and that dips in prices are buying opportunities.
Big buyers like chocolate makers and grocery stores buy their milk under long-term contracts and so can smooth out sudden spikes or dips in prices.
The day after a stock ranks among top performers, two-thirds of all trades by individual investors are buys (institutions, by contrast, tend to wait for dips in prices and trading volume).
Petroleum exploitation has fallen since 1986, but this is still a substantial sector such that dips in prices have a strong effect on the economy.
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Anyone who is woundable by an occasional dip in prices isn't rich enough to count.
Data on home prices produced by S&P/Case-Shiller showed an unexpectedly large dip in prices in September.
"It is only a matter of time before the index records a double-dip in prices," Paul Dales of Capital Economics said.
Or it could mark the beginning of a slide that will lead to another dip in prices and sales activity.
The steadiness in the market was welcome news for brokers who had spent at least part of last year concerned about a possible double dip in prices.
But the dip in prices over all makes it "an opportunity for someone who does have the money to get their dream".
As to whether the storm's impact will drive down property values on the coast, Ms. Walsh expects any dip in prices to be short-lived.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com