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February 7, 2007

All Business: Stock market runup: Are we due for a pause?

  • Some analysts say the pullback that is likely to come may not be a wrecking ball.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The higher stocks go, the more investors fear a correction is coming.

    That helps to explains why all the recent stock market positives — the Dow Jones industrials' record run, the longest stretch without a large price correction in decades, the Federal Reserve holding interest rates steady — are being considered as much a curse as a blessing.


     
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