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July 16, 2003
Will economy live up to investors' hopes?
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK -- Wall Street thinks the economy is on its way up, while most economic data isn't yet signaling the same. If they don't get in sync soon, the current stock rally could fizzle.
The stock market is behaving like it always does, basing its bets on expectations. The problem comes when reality doesn't live up to those hopes.
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Previous columns:
- Recovery hinges on consumer spending, 07-02-2003
- Stock rally sparks executives to sell, 06-30-2003
- Low interest rates: there's a dark side, 06-25-2003
- Return of the bulls may mean trouble, 06-11-2003
- Corporate reform? Don't hold your breath, 05-21-2003
- CEO pensions may hide compensation, 05-14-2003
- Surge in tech stocks raises bubble fears, 05-07-2003
- $1.4B settlement is a good first step, 04-30-2003