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June 7, 2010

All Business: Are stock analysts being too chirpy?

  • Their track record shouldn't give anyone confidence.
    AP Business Writer

    NEW YORK — The story of corporate America's comeback has a nice ring to it. That is, if it can last.

    Wall Street stock analysts think it will. They're almost chirpy the way they keep pumping up their earnings estimates and dismissing the stock market's volatility, the financial crisis in Europe and risks to the U.S. economic recovery.

    . . .

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