It all adds up to a pretty grim picture, but not everyone is pessimistic.

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These fortuitous conditions may not last, but for now they are good reasons not to be too pessimistic.

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"It's not shut but I'm pessimistic about my chances, " he is quoted as telling French newspaper L'Equipe.

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An investor can say he is pessimistic about the short-term outlook for stocks, but not actually be selling any of his current holdings.

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But Cardiff West AM Mr Drakeford said he did not share the "over-pessimistic" interpretation.

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Health care law impact on business overallCFOs in the survey may have not changed their hiring plans in the wake of the health care ruling, but they seem pessimistic about the overall impact on their businesses.

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Some may disagree with me on my basic assumptions, either viewing them as over optimistic or over pessimistic, but I think a discussion centered on growth, profitability and the cost of growth is not only a healthy one but one that we should be having about all young, growth companies.

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