But analysts had not seen the company's earnings numbers or spoken with company officials.

"Some analysts speak too close to the action before they stop," Morgan said.

Many analysts have spoken for weeks with confidence about the chances that any war would be quick.

As the day ended, analysts spoke less of the economic than the psychological impact of Germany's move.

He and other analysts spoke on condition that they not be named because their firms were part of the syndicate underwriting the stock.

In the next half-hour, the analysts spoke of a mounting struggle, of winning chances for a player willing to take a risk.

A. When analysts speak of corrections, they generally mean stock market declines of at least 10 percent, spaced over a few weeks or months.

Economic analysts do not speak with one voice on the issue.

The analysts I spoke to tended to think not.

Some analysts speak of a Zen-like state in which they allow the data to "speak" to them.