NEW YORK - While the majority of economists now believe the U.S. is in a recession, market optimists are already looking ahead to the rebound.

"Wall Street has been preparing for a hurricane, but we may just be headed for bad weather," said David Kelly, chief market strategist for JPMorgan Funds in a press briefing last week. "If we do have a recession, it still looks like it will be relatively short and mild."

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