Sax: Market participants are going to perk their head up this quarter and start to think about doing new things. I've always said that there's going to be a huge variation in outcome during this is year, and some industries, some sectors, some types of businesses, will out perform others. And so i don't want to create generalized statements about industies but i do think that capital activity going tostart to come back this quarter," Sax says.

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