Bargains On The Bourses?

In the long run, growing economies should buoy stock prices

America's stock-market anxiety attack is shaking investors from Toronto to Tokyo. Amid fears of rising U.S. inflation, higher interest rates, and declining corporate profits, major global bourses have fallen 5% from their springtime peaks (chart) in sympathy with the weakening Dow. Among the hardest hit stocks are international technology issues, whose fortunes are closely linked to those of their battered high-tech cousins in the U.S.

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