OGJ Editorial: Stock markets and energy

Stock markets never use much energy. Vigorous economies always do.Equity markets are wheezing while the US economy-however tentatively-purrs. Markets for company shares eventually will realign themselves with economic fundamentals. The question of the moment is whether the mutual direction then will be upward or downward.Continuation of the economy's solid performance-US gross domestic product in the first 3 months of 2002 grew at a robust rate of 6.1%/year-might pull equity markets out of their slides. On the other hand, stubborn market torpor might sabotage economic recovery by further slowing investment and reversing currently buoyant spending by consumers.This is the most importan...

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