11.   Some observers regarded the selloff as an indication that many investors, particularly those in mutual funds, were ready to take their money and run.

12.   The Senate bill takes one step on sponsor responsibility that most observers would regard as sound.

13.   Yet few observers here regard the vote as a triumph of the left.

14.   But he has drawn criticism for some of his proposals, such as getting chess into the Olympics, which most observers regard as unrealistic.

15.   For another, stocks at new highs have merely stretched what a good many observers regard as disturbingly high valuations, using such measures as dividend yields.

16.   He suffered a surprising, painful loss that was regarded by observers as an indication of public displeasure with the Democrats.

17.   Most observers regard Ivanchuk as a slight favorite, pointing to his experience while acknowledging his nerves and tendency to blunder in high-pressure games.

18.   Most observers regarded the retirement as a charade, and say he still heads the group.

19.   General Alexander Lebed, regarded by observers as a possible presidential candidate, said Saturday he had plans to resign from the army soon and pursue a political career.

20.   Many observers regarded his decision Thursday as a total reversal.