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(BusinessWeek.com) — Corporate profits are coming back. The only question is for how long.

Even pessimistic investors expect strong results from U.S. companies when Alcoa (AA) kicks off first-quarter earnings season on Apr. 12. “This quarter’s profits are going to look quite robust,” Palantir Fund (PALIX) portfolio manager Tom Samuels says, even as he predicts a downturn for profits and the economy later this year.

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