State of Business: Wall Street Worries

As a judge of economic trends to come, Wall Street has been getting more accurate. After some baffling bloopers in the early postwar, the stock market "called" every recession and recovery since 1948. And since it broadly reflects the money-backed bets of businessmen and the public, some people are getting concerned about its performance in the past six weeks. While the U.S. President and most economists have been predicting that 1962 will rank between a good and a great year for business, the stock market seems to be saying otherwise. In the...

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