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With the Dow Jones Industrial Average hitting the 15000 milestone and economic signals flashing continued growth, the case for bull market optimists looks stronger. But there are reasons to be cautious about a retrenchment of the Dow.
Current TV has fired cable network broadcaster Keith Olbermann citing a lack of "respect, openness, collegiality, and loyalty to our viewers." Olbermann had been with Current TV for less than a year, and he had a volatile relationship with MSNBC before that.
Stocks fell sharply on a variety of factors – from a pessimistic Federal Reserve to reports that Europe might be headed for a recession. But falling stocks don't guarantee a recession is coming.
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.