Rudderless after a rally, stock markets look for next catalyst

By Saikat Chatterjee, Sujata Rao and Megan Davies

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Investors DO seem excessively optimistic. The real economy ain't going to have a strong bounce-back. How can it?

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Overly optimistic - agreed. But they don't have anywhere else to go in the way of returns. I'm fully expecting another drop.

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