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Barron's Cover Bears,Beware!

SATURDAY, OCTOBER 30, 2010

Bears,Beware!

http://online.barrons.com/article/SB50001424053111903697804575574310818799270.html?mod=BOL_hpp_highlight

By JACK WILLOUGHBY | MORE ARTICLES BY AUTHOR
America's money managers say stocks are cheap and the economy will keep growing. Why they're bullish on tech, bearish on Congress.

THINGS ARE MORE TOPSY-TURVY than ever on Wall Street this fall. The mercury is rising and the speculative sap is flowing, even though September and October historically have been among the worst months for stocks. Instead of the usual meltdowns, a powerful rally since Aug. 31 has lifted the Dow Jones Industrial Average and Standard & Poor's 500 by about 12% apiece, while the tech-stock-fueled Nasdaq Composite has surged 18%.

Spurring stocks on are strong corporate-profit reports, still-cheap equity valuations and, above all, the likelihood that the Federal Reserve will make good on its promise to flood the financial system ...

http://online.barrons.com/article/SB50001424053111903697804575574310818799270.html?mod=BOL_hpp_highlight