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Article: ANALYSTS: BULL MARKET MAY NOT STAY.(Business)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- January 2, 2004
CopyrightCOPYRIGHT 2004 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Hope Yen Associated Press
NEW YORK -- Investors celebrated the long-awaited return of the bull market in 2003, snapping up shares after three years of bitter declines.
But 2004 arrives with a warning for an increasingly exuberant Wall Street: The best of the gains is over.
With stocks advancing since March on investor hopes for a strong economic recovery, the three main gauges are trading at their highest levels in nearly two years.
Stiff challenges for the coming year, however, include the risk of rising interest rates, a widening mutual fund probe and investor overconfidence.
"In 2004, the first issue is for ...