Stocks: No Time to Be Scared
It took less than three months for the 30-stock Dow Jones industrial average to jump from 13,000 to 14,000, and for the most part it has quelled many big concerns. The mortgage mess and housing slowdown will only worsen (according to a veteran bond fund manager), interest rates are up, and the dollar is stumbling. And despite the recent tame core inflation numbers tracked by the government, prices for food, energy, and other essential stuff are up. (Note: Crude oil rose to $75.93 a barrel on July 19.)
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