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Politics : Formerly About Applied Materials

AMAT 268.98

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To: StanX Long who wrote (61303)	3/3/2002 10:47:41 PM
From: StanX Long	Read Replies (1) of 70976

U.S. stocks expected to rise as investors eye safe havens By Brendan Intindola sg.biz.yahoo.com Reuters PhotoSunday March 3, 6:37 PM NEW YORK (Reuters) - Shares of safe-haven companies with steady growth and pristine financials are expected to lift the U.S. stock market next week, as investors search for more assurances the U.S. recession is over. "I expect the markets to labour higher, with emphasis on the traditional leaders coming out of recession: basic materials, industrials, transportation and retailers," said Paul Cherney, chief real-time market analyst at Standard & Poor's Marketscope in New York. But wariness about the extent of creative accounting methods will continue to vex the market, particularly in the tech sector, keeping the bulls on a short leash. "You have to differentiate between the markets and the economy," Cherney said. "It is evident the economy has turned, but the market is grappling with the psychological problem of ... the aggressive accounting by some tech companies."

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