The Economy: The Day of the Little Bulls

In many ways, President Johnson's anti-inflation package failed to wrap up answers to the nation's basic economic problems. But, for at least the short term, it provided a lot of ribbon, and Wall Street investors responded enthusiastically.

At last, the bulls returned to Wall Street. For the first time since June, investors got a rise out of the stock market on Monday—the Dow-Jones industrial index spurted 15 points for the best single-day gain in 15 months. At week's end the Dow-Jones had risen 39 points, to 814, regaining $25 billion in paper values. As if to celebrate, hundreds of Wall...

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