31.   It did so even though some market observers thought the economy was hot enough to be potentially inflationary and to warrant a tightening.

32.   Market observers have also cautioned against thinking that any rally will be long-lived or that the bear market has ended.

33.   Market observers indicated that the worsening regional currency situation was to blame.

34.   Market observers said further losses are expected for the city-state, as the regional currency turmoil shows no signs of stabilizing.

35.   Many market observers now believe the Fed will take that unusal step because of significant declines in the stock market and recent economic data showing consumer confidence lagging.

36.   Market observers said further losses are expected as the financial turmoil shows no signs of ebbing.

37.   Market observers said the bad news from the old line company provided justification for participants in the current technology stock frenzy.

38.   Market observers also said the improved credit outlook could cajole foreign investors back into the stock market.

39.   Market observers have cautioned against thinking that rallies will be long-lived or that the bear market has ended.

40.   Market observers also said the present weak economic sentiments are causing banks to become more selective in issuing guarantees to back PDS.