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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (17931)	1/3/2002 8:39:30 PM
From: Kelvin Taylor	Respond to of 19633

Some positive comments on the market and some cautious ones. Investors ``are looking toward the end of 2002 and saying, 'Maybe things are going to be a heck of a lot better 12 months from now than they are today, and I'm willing to close my eyes to what could still be a bumpy quarter,''' said Jeff Kleintop, chief investment adviser at PNC Advisors. Wall Street expects the economy, now mired in recession, to resume growth in 2002. Investors' optimism has helped pull the stock market well off of three-year lows hit on Sept. 21 Analysts see corporate profits picking up in the second quarter, but research firm Thomson Financial said that view may still be too optimistic. ``There is underlying nervousness about the economy, about earnings season, which is almost upon us, about the war on terrorism, about the fighting on Capitol Hill,'' Gustafson said. ''There are many major issues left unsolved.'' For the time being, the economy is still showing some signs of weakness. The number of Americans lining up to file for first-time unemployment benefits rose sharply during the week ended Dec. 29, indicating the labor market remains soft, a government report showed.