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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (47212)11/2/2004 12:53:53 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
U.S. Stocks Gain on Optimism About Election; Nextel Climbs Listen
Nov. 2 (Bloomberg) -- U.S. stocks gained on optimism the U.S. presidential election would produce a clear winner, acting as the catalyst to lift share prices the rest of the year.

``Once we're past this, there is no excuse to hesitate and it will be positive'' for stocks, said Jim Melcher, president of Balestra Capital Ltd., which oversees $170 million in New York. ``Everybody is hoping this is over so we can get down to business.''
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