The Price of Doubt

"Doubt is an expensive commodity." The Wall Street Journal was talking about the stock market, specifically the investors who had hesitated to buy when stocks slipped to cut-rate prices last month after the Korean war began. By last week the surging bull market had knocked many of the stocks off the bargain counter. In five days last week, the Dow-Jones industrial average moved up 4.20 to 219.23; this week it pushed up nearly another point to 220.21, just 8 points below the peak established before the Korean war broke out. The railroad average did even better: it went to...

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