Business & Finance: Market vs. Trade

One of the interesting features of the stock market is the frequency with which its price movements contradict both the optimism and pessimism expressed concerning the future of business by corporation officials.

Just such a difference of opinion now exists regarding the automobile industry. The stock market has recently assumed a somewhat sceptical tone on this subject; stocks of prominent motor companies have experienced marked drops. In Wall Street the talk is mostly of overproduction, inflation by sales on part-payment, diminishing margin of profit, increased and bitter competition and similar gloomy matters....

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