31.   Investors soon concluded that the company had badly overpaid, and the stock price collapsed.

32.   Investors apparently concluded the divestitures are largely helpful.

33.   Investors could conclude they are willing to pay higher prices for stocks on the theory that stocks are a better long-term investment and less risky than generally perceived.

34.   Investors have concluded the Federal Reserve will refrain from lowering interest rates anytime soon to fuel economic growth.

35.   Investors may have concluded that Kerkorian would return with a stronger proposal.

36.   Investors concluded that the center-left coalition coming to power will reach out to the party that initiated reforms.

37.   Investors concluded the Fed was close to reaching its goal of containing inflation and lowering interest rates.

38.   Italian, French and Spanish oil stocks fell after some investors concluded U.S. sanctions against Libya and Iran will hurt profits more than the companies admit.

39.   On Wall Street, U.S. bonds fell as investors concluded the economy is picking up enough momentum to raise inflation risks.

40.   Prices of Treasury securities gained in choppy trading, as many investors concluded a balanced budget agreement could be reached.