OCR Text |
Show lecovery 5 Now Inderway V stock market's record-aking record-aking behavior the last X in February w as the most Mncing signal to many that nomic recovery is at hand. x o. President Reagan conies con-ies to tell the American .. p!e recovery is underway. "HI PRESIDENT would b ig terribly far out on a limb t wasn't absolutely con- ced he's right. What he ' ms to be doing is trying to :ort confidence, convinced . is one ingredient still Be hat lacking among ly fellow citizens. lis optimism has had an ct. But the turnaround K first and Mr. Reagan rely heralds the good news. U good news is now gener- ' accepted by Wall Street. are still arguing whether overy is at hand. HE CURRENT argument w w strong it will be, and :re interest rates will go in rest of 1983. President ' igan is "talking" them 'Ti and has on several re- t occasions said there's no son the banks shouldn't interest rates further. NTHE last two weeks a few s are even being heard -'recovery won't be as slug-las slug-las had been forecast. Thus ay the speculation is .. :ther there will be a normal " eak recovery. The slock t may have been signal- 1 normal recovery for some "hs now. |