After a year of shifting moods −from euphoria to uncertainty and for a time despair−the stock market seems to have come full circle. As 1976 draws to an end, traders are once more looking ahead with rising confidence, buoyed by a growing conviction that President-elect Jimmy Carter can put zip into the lagging economy. Before the election, Wall Street nervously regarded the Democratic candidate as a big-spending populist, but it has been won over in recent weeks by Carter's appointment of political moderates to top Administration posts. Says Reynolds Securities, Inc. Vice President...
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