Despite analysts’ bullish predictions that the Standard & Poor’s 500 Index on track to post earnings of 27% in the second quarter, many stock market investors during the past month expressed their skepticism through widespread selling, BusinessWeek reports.

Investors who were battered by the last market crash are increasingly wary of the strong market performance coming to an end, according to BusinessWeek. But continued growth led by the information technology, materials and energy sectors suggests that bearish sentiments are unfounded.

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