COMMERCIAL PRINTING OUTLOOK -- Ambiguity is Certain

The economist sounds two cautionary notes regarding the projections. "It's important to remember that those numbers are not quite as strong as one might think since they are being compared with very weak performance in 2002," he says.

"All the stock market has to do, for example, is rise about 800 points and it will be up 10 percent for the year, but it would still be 3,000 points below its historic high.