21.   Analysts point to three broad reasons.

22.   Analysts point to three main factors for the increased volatility.

23.   Analysts point to Yahoo, the popular portal, as an example of a content company that has prospered overseas.

24.   Analysts pointed to several lessons from the season that just ended.

25.   Analysts also point to the activism of Clinton administration appointees.

26.   Analysts point to increases in sales as a bullish factor for Internet companies, such as Amazon.com, whose stock has flourished in spite of losses.

27.   Another analyst pointed to a lack of government strategies to spur the economy.

28.   As evidence of this, analysts pointed to the lower-than-average amount of September futures contracts traded.

29.   As fresh evidence, some Wall Street analysts point to the most recent quarter, when cash poured in despite a downturn in stock prices in July.

30.   As evidence that investors are holding back, analysts pointed to the lower-than-average amount of September futures contracts changing hands today.