By Evelina M. Tainer, Chief Economist, Econoday
2/22/02

Economic news was generally favorable this week and suggests that the recovery may be in place. But the data, to the disappointment of equity players, hasn't been strong enough to push the stock market consistently higher. Many economists have forecast a mild recovery, in contrast to the robust recovery expected by many financial market players since late last year. Reality is sinking in.