The Economy: Optimism Reinforced

There was a perceptible upgrading of optimism last week, and a growing con viction that U.S. business can roll forward without pause in 1965. The buoyant mood was apparent in Washington, where some of the nation's leading economists, testifying before the Joint Congressional Economic Committee, almost unanimously predicted uninterrupted expansion. The bullish sentiment was obvious on Wall Street, where the stock market rebounded strongly from last month's fall. In the second heaviest trading in more than a year (7,100,000 shares in one day), the Dow-Jones industrial average rose every day, climbing 18 points to a near-record 903.

The feeling was most...

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