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October 8, 2007

All Business: Time for a reality check on Wall St.

  • There's very little evidence pointing to better times ahead.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The sugar rush that the Federal Reserve gave the stock market with a larger-than-expected interest rate cut surely has gone to investors' heads. It's time for a reality check.

    Share purchasers seem to be betting that most of the bad news regarding the credit and housing crises is already out and better times are ahead — even though there is very little evidence pointing that way.


     
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