One hopes that June's version of the test will reflect more realistic expectations.

But stock prices reflect not only reality but also expectations.

The close yesterday of $32.15 a share reflects far lower expectations.

Is the taxable market reflecting expectations of future investing conditions?

The revisions reflect lower expectations for growth during the next two years.

Changes in yields reflect expectations of long-term economic growth and inflation.

"The stock has shown some pretty sharp increases lately that reflect expectations beyond what the numbers show."

Analysts said the companies' stock prices already reflected expectations that the measure would pass.

But it does not reflect increased expectations of a breakthrough, they said.

But falling prices can also reflect expectations of economic weakness.