1.   But when we look beneath the headlines, we find that this optimism is based on some fairly grand assumptions.

2.   Canelo bases his optimism on an assessment that corporate earnings are in no danger of sliding.

3.   Canelo bases his optimism on the fact that corporate earnings are in no danger of sliding.

4.   Far from a statement of faith in Kabila, a lifelong revolutionary with a checkered past, this optimism is based in large part on the notion of leverage.

5.   For now, they are basing their optimism on payroll numbers, income statistics, the low inflation rate and what is in their order books.

6.   He bases his optimism on his belief that mortgage rates will remain low, that tight supply will keep prices high and that immigration will fuel sales.

7.   He based his optimism on the rise of smaller, nimbler businesses such as Transaero, a new airline that is leasing Boeing jets.

8.   His optimism is based not on a bountiful harvest, because spring planting is just beginning.

9.   Such optimism is based partly on legislation that glided easily through the House last spring.

10.   Such optimism is partly based on hundreds of peasants who have sworn off coca growing over the last three years and found new occupations.