While the recounting and recanvassing went on, some analysts mistook the closeness of the November election to mean that U.S.citizens were uneasy and plagued by doubt. They had refused to give a vote of confidence to either political party. Were they fearful and doubtful about the future of the U.S.? Last week, from one coast to the other, there were ringing indications that the prevailing mood in the U.S. is not doubt, but confidence.
One index was the stock market, reflecting the feeling of investors. The elections set off a surge of buying; the Dow Jones industrial average climbed to...
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