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COPYRIGHT 2001 Crain Communications, Inc.
Surprise GDP report, likely rate cut fuel rise
In case you missed it -- or were too dazed to notice -- the stock market has bottomed.
"The bear is dead!" screamed a recent stock market report from Alfred E. Goldman, chief market strategist for A.G. Edwards Inc. in St. Louis.
Maybe it's a rash pronouncement, but other economists and market strategists are preparing eulogies as well.
For the record, the Dow Jones Industrial Average hit its low of 9389.48 on March 22, and the Standard & Poor's 500 stock index and Nasdaq Composite Index bottomed out at 1103.25 and 1638.80, respectively, on April 4.
Last Friday, the Dow soared 154.59 points, closing at 10951.24, while the Nasdaq and S&P...
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