A Little Good News Could Go a Long Way in Tired Bull Market
The Columbian › August 01, 2004
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Summary
NEW YORK - Economic data is soft, interest rates are rising and oil prices are at record highs. Earnings have been good, but projections that they will decelerate in the months ahead have flat- lined stocks. What is going on here?
If Wall Street is to break out of its current cheerless state, analysts say something has to give. Better economic news, a drop in oil prices or a reduction in global terror fears could go a long way toward stabilizing equities. But a lower-than-expected reading of gross domestic product growth and persistent concern about whether crude supplies can meet rising global demand have only contributed to the downward pressure.See the full content of this document
Extract
A Little Good News Could Go a Long Way in Tired Bull Market
"This tired bull has too many burdens on its back, and certainly the very weak GDP report confirms that the economy...
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