OUTLOOK 1999 Available to Purchase

A YEAR AGO, NEVER WAS HEARD THE discouraging “R” word. But “recession” is on everybody's lips these days. For good reason. Asian economies are crippled and show no signs of regaining their agility in the near term; Russia's is in almost complete disarray. And the U.S. stock market, dominated for years by rampaging bulls, is reflecting worries that the malaise afflicting the East will prove contagious, as well as the realization that earnings growth rates no longer justify high stock prices.