Investors Wait for a "Positive Catalyst"

Meanwhile, they're wary and uncertain, says S&P's Kenneth Shea, who sees little reason now to loosen the reins of caution

The stock market as measured by the Standard & Poor's 500-stock index could grow 7% to 10% annually over the next three years, assuming that corporate earnings continue to gain ground. That's the view expressed by Kenneth A. Shea, vice-president and director, Standard & Poor's Equity Research & Services.

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