81.   Among market watchers, the airline industry is very much the canary of the economic coal mine.

82.   Bank officials have dismissed the report as speculation, however, and many market watchers strongly doubt that Japan would move to raise rates before the United States did.

83.   But market watchers say the IPC should get another boost from July inflation statistics due Thursday.

84.   But market watchers noted one crucial, though perplexing, difference.

85.   But market watchers said they expected the rally to be a short one because of lingering concerns about the slowing U.S. economy and its struggling Japanese counterpart.

86.   But market watchers cautioned that Wall Street still faces turbulence from an expected plethora of disappointing earnings forecasts for the second quarter.

87.   But market watchers said talk of problems for the crop returned to the trading floor Friday.

88.   But market watchers were surprised at the steep price First Pacific paid for the stake in PLDT.

89.   But some local market watchers sounded upbeat over what they saw as an exchange that offered guarantees of repayment further down the road.

90.   But the announcement disappointed market watchers who had been expecting improved profits.