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March 31, 2008

All Business: Has stock market hit the bottom yet?

  • There have been some breaks in the market's steep decline, but economic fundamentals are showing few signs of stabilizing.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Investors know that those willing to make big bets as stock markets show signs of bottoming out after big declines can make outsized returns.

    The question today is whether the growing number of Wall Street firms backing this kind of risky wager in the wake of Bear Stearns' collapse will be proven correct. A good case can be made that the answer is no, most importantly because economic fundamentals are showing few signs of stabilizing.


     
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