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NEW YORK CITY-An upbeat outlook may be a welcome contrast to the end-of-the-world mindset that hung over the industry following the capital markets meltdown, but Morrison Foerster’s Mark Edelstein is concerned that it’s a little early to morph into Sunny Jim. “We had irrational exuberance a few years ago, and now we have irrational optimism,” Edelstein tells GlobeSt.com.

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