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Feb 28, 2003

Leader: Looking for visibility

Prolonged economic and political uncertainty is having a weird effect on investors

Prolonged economic and political uncertainty is having a weird effect on investors. Whether it's the prospect of war or just abysmal share values that's bothering them, decision-makers have been hit by a kind of psychological paralysis. Investment catatonia. The urge to buy or sell has been replaced with a collective indecisiveness. And market visibility, or the predictability of business cycles, just keeps getting cloudier. Like ships lost at sea, investors are looking for familiar landmarks

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