But "we believe that the Atlantic basin is still in an active hurricane cycle, " William Gray, who co-heads the CSU team, said in December.

CNN: NOAA predicts above-normal '08 hurricane season

The gains fed a virtuous cycle that sent stocks higher on both sides of the Atlantic, Tchir said.

NPR: Health Insurers Lead Stocks Higher On Wall Street

If Las Vegas and Atlantic City recover in the U.S., then a new replacement cycle (including the Indian casinos) should boost domestic revenues while new casinos and expansion in Macau and Asia boosts overseas sales.

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