The equity market typically positions itself for economic recovery at the approximate mid-point of recession.

The election is a minor uncertainty that the market would like to get out of the way. Over the next couple of months I do expect stock prices will be better. I think corporate profits will turn out to be OK and the market will view some of the tensions and anxieties of the third and fourth quarter as a bit of overkill.

The uncertain outcome of the U.S. presidential race may delay a fourth-quarter recovery in share prices but should not eliminate it. We believe that potential buyers are waiting for a resolution before implementing their 2001 investment plans.

In Nasdaq, we've been in a confused bear market for a while. The background environment, particularly in the economy, is not as bad as people think.

We believe that we are currently enjoying an equity bull market similar to that of the mid-1990s.

Starting instantly the massive construction & Infrastructure development on a large scale is the best solution to revive the sagging industries across the sector and bring out the nation from the clutches of economic recession.