The Wrath Of Odin! Thor has broken free of the hypnosis put under him by the Ringmaster while he is in the middle of helping the Circus of Crime steal a golden statue of a bull. With the police firing at him and Princess Python pinned under the dropped statue, Thor quickly lifts the bull again and then puts it back where it belongs. Despite Thor's actions, he is still placed under arrest.
Hysterical, Princess Python tells the police that Thor isn't to blame and that the Ringmaster hypnotized him. Princess Python escapes when the police refuse to listen and tries to talk Ringmaster into helping Thor. However, the Circus of Crime is set to flee the scene to avoid arrest, and Princess Python shamefully escapes with them, not wishing to get arrested herself. While in police custody, Thor tells the arresting officers that he has no memory of what had transpired. Unable to believe Thor, they escort him to a cell pending trial.
Elsewhere, in the realm where Odin had exiled him, Loki continues his wanderings until he feels the sudden pull of Odin, signaling the end of his exile. He soon finds himself suddenly transported back to Asgard and before Odin. Odin confirms that Loki's exile is over. However, it is conditional that he commit no further acts of infamy. When Sif and Balder witness Loki's return, they protest it and ask that Odin restore Thor's powers. Odin denies these requests and has only succeeded in tipping off Loki of Thor's current predicament, which Loki plans to exploit for his purposes.
Arriving on Earth, Loki takes on a mortal guise and pays for Thor's bail in this identity. Driving away from the prison, Thor demands answers from this seemingly good Samaritan and eventually sees through Loki's guise. This leads to a battle between the two in the streets of New York City.
In Thor's weakened state, Loki satisfies himself by trying to match strength with Thor, and during their battle, he manages to overpower the Thunder God and beat him into submission. Before he can make a final blow, though, Sif and Balder arrive on Earth, unable to sit by and watch Thor get beaten. Loki boasts about what Odin will do to Balder and Sif should he find out.
As fate would have it, Odin has been witnessing the whole episode and is furious and decides to send a swift punishment to those who would seek to disobey him and fires down a bolt of mystical energy to deal with them.
