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Halftime: Is Recovery This Priced In?
30 Dec 2010 EST - CNBC.com
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Both the Dow and S&P edged lower on Thursday with investors reluctant to take on much more risk before the new year.

Even a series of better-than-expected economic reports couldn’t spark buying activity and the data was clearly bullish.For example, new U.S. claims for unemployment benefits dropped 34,000 to a seasonally adjusted 388,000, the lowest reading since early July 2008. (That was well below economists' expectations for 415,000.)The Institute for Supply Management-Chicago's business barometer for the Midwest provided an even more bullish signal. It jumped to 68.6, the highest since July 1988, from 62.5 in November. Economists had expected it to dip. Any reading above 50 indicates the region's economy is expanding.Is the recovery just this priced in?

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