Why The Bulls Are Still Bullish

Stocks may hold more thrills as '99 profits look strong

Sure, if you look at the decidedly mixed results that companies racked up in the second quarter, you might think that investors are just a bit overoptimistic. But if you skip ahead--say to the end of the year or, better yet, to 1999, you can not only justify today's prices but get pretty bullish about tomorrow's. That's why, despite the recent record highs scored by both the Dow Jones industrial average and NASDAQ, many Wall Street pros still see stocks rising.

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