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Periscope.(news items from around the world)

Newsweek International

| August 25, 2003 | Theil, Stefan; Ephron, Dan; Beith, Malcolm; Lorch, Donatella; Underhill, William; Kovne, Kristin; Smith, Sean; Samuels, Allison | COPYRIGHT 2003 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MARKET WATCH

Defying Gravity

The world's markets have been going gangbusters of late. The Dow is up 24 percent since March. Tokyo's Nikkei has surged 30 percent over the same time period. Europe's bourses have been even hotter, with Frankfurt's DAX leading the pack. The world's soaring share prices have analysts raving, central bankers cheering--and investors hoping that this time the rebound is for real. But how likely is that? Every year since 2000, hopes for a global economic recovery have fed big rallies in share prices. Twice, they have been followed by even bigger crashes.

This time is different, argue analysts, because the basis for a ...

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Source: HighBeam Research, Periscope.(news items from around the world)

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