31.   Expectations of such changes can drastically affect the expected value of future profits and cause widespread shifts in investment patterns.

32.   Falk also said some investors regard stock prices as higher than justified by prospects for future profits after stocks rose last week.

33.   Falling bond yields boost stocks by lowering corporate borrowing costs, enhancing future profits.

34.   Financial institutions such as Sallie Mae are particularly susceptible to inflation, which can erode their future profits by eroding the value of money received as loan repayments.

35.   Finding new deposits is essential to the future profits of oil companies.

36.   Falling bond yields help stocks by lowering borrowing costs for companies, which in turn help future corporate profits.

37.   Future profit also will be increased as KLM sells back its entire Northwest stake and it benefits from a three-year program to become more cost-efficient.

38.   Future profits hinge on a highway-building spree that will spur demand for the high-quality tires it makes.

39.   Future profits will come from the family trade in warm climates where the kids grew up on wheeled skates.

40.   Future profit growth, then, is the key criterion, in the Greenspan view, for stepping over the line into irrational exuberance.