NEW YORK ( TheStreet) -- Panic is more often than not ill-founded, based on an incorrect assessment of the future. The current malaise causing the S&P 500 to lose more than 9% since the beginning of April is a case in point.Virtually every indicator suggests the U.S. economy is recovering. Slowly, yes, and hirings are lagging, and the real estate cycle has not turned up. But still, there is progress.
Stock Market Collapse Makes No Sense
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