Business: Business in 1958

IN 1958 the U.S. just missed the moon. But Wall Street's Bull made it—and over—with ease.

Starting in January, stocks on the big board took off with a whoosh that by December sent the market up 37% and carried every average out into space. Coming in a time of recession, the market's amazing moon shot baffled most of the experts. But it was no mystery to the investors whose buying sent it up. In 1958 they could plainly see for the first time that the U.S. was blessed with a new kind of economy, different from any ever seen on...

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