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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (47212)	11/2/2004 12:53:53 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to 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.''