Continuing the recent pattern, stocks generally followed the bond market.

When the stock market began to turn up late last year, many stocks did not follow at first.

The smaller stocks in the Russell 1000 followed a similar course.

"If earnings continue to go up, the stock will follow," he said.

In the last year, analysts have reduced their forecasts for the company's 2005 earnings by about 30 percent, and its stock has followed.

The decision to also equip Line 4 with rubber tyred stock soon followed.

Its stock has followed, closing on Friday at $46.60, down 23.5 percent this year.

The news helped bond prices advance, but stocks did not follow.

If the stock follows the usual pattern, it could well fall back to earth with a thud.

"They should be doing this for their business, and the stock will follow their performance."