Summer may bring a turning point for stock market

“Or, that the economy is going to be sicker longer, and when the market realizes that it will have a nasty down-leg.”

After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.

The data of the past few weeks have given investors some hope that the worst of the credit crisis has passed, that the economy isn't losing jobs at a dangerous rate and that inflation isn't out of control. The result has been relative calm in the financial markets, enabling the major indexes to reach levels they hadn't seen since early in the year _ including the Dow Jones industrials' brief return earlier this month to the 13,000 mark. Read more