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Performance Debate On Over Stock Market Mania
New York AP reports Wall Street is divided over performance mania as managers chase growth stocks for quick gains. Frank Reinhardt of Standard & Poor's calls it an unfortunate development while Gerald Tsai notes the risk of focusing on short term gains over solid earnings. The debate centers on whether this rush to outdo rivals harms long term investment fundamentals and whether blue chips or growth stocks best serve investors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Frank Reinhardt
Standard & Poor’s Corp
IBM
Tsai