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Chicago Tribune Bill Barnhart Column.

Publication: Knight Ridder/Tribune Business News
Date: Sunday, May 2 2004

By Bill Barnhart, Chicago Tribune Knight Ridder/Tribune Business News

May 2--The stock market's slog in 2004--with major indicators little changed since December--reflects many worries.

The Iraq quagmire, interest rate fears, China's unsustainable growth, the mean-spirited presidential campaign and other big-picture themes pit buyers against sellers in what appears to be a standoff.

By comparison, first-quarter corporate financial reports seemed like unalloyed glee. Sales, profits, cash flows were stronger than expected.

Still, inv

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