Business: Bullish Round 1 for Investors

But how long will the stock rise and trading surge last?

According to Wall Street folk wisdom, whichever direction the market takes during January will pretty much indicate its heading for the year as a whole. By that standard, which has tended to be surprisingly accurate over the years, 1980 ought to be bullish for investors. During the month that ended last week, every significant measure of investment activity on the nation's two largest stock exchanges rose handsomely, and trading volume soared into orbit.

Not only did the Dow Jones industrial average of 30 of...

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