Wall Streeters have grown superstitious about holidays, and with good reason. The crash that ended 1946's bull market followed the long Labor Day weekend. The Memorial Day weekend in 1949 brought another shakeout. But last week the stock market exorcised the hex. In a buying surge the day before Thanksgiving, stocks started up, and kept right on going after the holiday.

Cheered by talk of an early end to the Korean war and fading chances for the excess profits tax in the lame-duck session of Congress (see above), the Dow-Jones industrials rose to 235.47 (up 4.8 points in a week),...

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