Business: Waiting for Reaganomics

What investors and executives expect from the "businessman's populist"

The President-elect's swearing-in was still eleven weeks away, but on Wall Street, which has long been Ronald Reagan country, the bulls began a kind of Inaugural Ball right after the landslide. In the eight trading days following Nov. 4, investors grabbed up long-depressed shares with enough zeal to set new records for trading volume and push the widely watched Dow Jones industrial average of 30 blue-chip stocks up by 49 points, to 986.35; that was a half point below the previous high reached on Jan. 10,...

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