Notes from a Nervous Market
The bears came out in force Feb. 5, with major U.S. equity indexes each tumbling nearly 3% as a surprising decline in the Institute for Supply Management's (ISM) nonmanufacturing index sparked fears of a recession. What's up with the economy? What's next for the stock market—and the Fed? Here's a roundup of news and views from leading economists and strategists compiled by BusinessWeek.com and the Standard & Poor's MarketScope staff:
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