On top of the market rise before the dip, that puts the Dow up more than 11 percent for 1996.

So what is behind such a spectacular market rise?

"If the South African market rises, then the fund will do well," he said.

I see very little change in the near-term economic picture, hence my outlook for a continuation of September's market rise.

He said, "The strength fed on itself and the market rise continued."

Now he would no doubt like to see the market rise gradually without getting out of hand.

An open Congress sees only a small market rise.

This insulated the utilities from the market rise, and allowed them to undercut new competitors.

Analysts cautioned against reading too much into the market rise.

The sensational January stock market rise is expected to cause the next report to show another big gain.