[IMAGE]  Market  Insight for December 24, 2001  From    [IMAGE]    The  Global Online Financial Services Firm  Please  note, the Market Insight will not be published next week. Have a safe and happy holiday season!     Deadline for Converting to a Roth IRA  December 31, 2001 is your deadline for converting a Traditional  IRA to a Roth IRA. You should consult with a tax professional  or accountant to help you determine if a conversion is advantageous  for you. For assistance, please call 1-800-934-4448, press  4 then 4 to speak with a Retirement Plans Specialist.  Restraints  Will Be Overcome  We see an  irregular upward trend in the market.  Stocks  face some formidable hurdles. The risk of additional terrorism  and fresh memories of the market's 18-month downward spiral are  inhibiting buying. So are dismal fourth-quarter earnings pre-announcements  as the economic cycle approaches bottom, as well as continued  high P/E ratios on recession-depressed profits. In addition, the  supply of stock for sale at prices just above current levels is  heavy, according to technical analysts.   But  we expect that these and other impediments will be overcome. And  we note that market recoveries that proceed in halting fashion  amid widespread skepticism often are the most sustainable.  Congress's  failure to pass a fiscal stimulus bill is not a major negative,  according to S&P chief economist David Wyss. The economy will  recover anyway, says Wyss, with absence of the package pinching  GDP growth in 2002 by only 0.2%. Without fiscal stimulus, the  chances of a 12th fed funds rate cut on January 30 are improved.    Based  on Wyss's forecast of GDP turning positive in the first quarter  and improving to an annual growth rate of 5% in the fourth quarter,  investors should be getting more encouraging news before long.    The  recent rally lost upward momentum when it bumped up against overhead  resistance at 1170 on the S&P 500 on December 5. With the  help of turn-of-the-year reinvestment demand, the next attempt  to work through this supply is likely to be more successful, says  Mark Arbeter, S&P chief technical analyst. But even if it  is, the area of resistance runs all the way up to 1313, so Arbeter  believes further progress in the period ahead will be labored.    We  think the S&P 500 and Nasdaq will see double-digit gains over  the course of 2002. A portfolio allocation of 65% stocks, 20%  bonds and 15% cash reserves remains appropriate.  As  a TD Waterhouse customer, you can view a complete copy of S&P's  The Outlook (a $298 value) for FREE. Just select 'News &  Research' when you login  to yourTD Waterhouse account . The Outlook is available under 'Other  Reports.'     Managing Your Mutual Funds Doesn't Have to Be Complicated Holding mutual funds at several institutions can make managing  your financial activities more difficult than it needs to be.  Too many account statements, too many account and phone numbers,  and just too much information to keep track of. Consolidating  your mutual funds can help simplify your life.  Click  here for a Transfer Form      Your feedback is important to us! Email us with any questions or  comments at eServices@tdwaterhouse.com       TD  Waterhouse Investor Services, Inc. Member NYSE/SIPC.  Access  to services and your account may be affected by market conditions,  system performance or for other reasons. Under no circumstances should the information  herein be construed as a recommendation, offer to sell or solicitation  of an offer to buy a particular security. The article and opinions  herein are obtained from unaffiliated third parties and are provided  for informational purposes only. While the information is deemed  reliable, TD Waterhouse cannot guarantee its accuracy, completeness  or suitability for any purpose and makes no warranties with regard  to the results to be obtained from its use.   To unsubscribe  from this email, login to  your account  and select 'My Account' then 'My Info'. Or email us at eServices@tdwaterhouse.com