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The Market Is Too Dependent On Hopes That Await Evidence

wochit business
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April 11, 2014 AT 11:23 AM
The market remained positive, near its December peak for three months, primarily based on hopes. Economic reports were dismal during the winter and into March, indicating the economy was slowing significantly. The economy grew only an anemic 1.9% last year, down from 2.8% in 2012. Forecasts for the first quarter just ended are also for growth of less than 2%.