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Bulls See Inflation Cues as Market Near Turn
In New York the bulls argue inflation pressures and a Middle East crisis will push a rebound in business. They point to rising inventories, stronger spending, and a near record stock level, with earnings differing for bulls and bears. Bears warn earnings lag and high price ratios. The AP average sits near year‑ago highs, with mixed signals for a new bull market.
MENTIONED IN THIS ARTICLE
New York
Middle East
Khrushchev
Associated Press
Jeve