NEW YORK (MONEY magazine) - Are we there yet? For most of 2003, that was the big question.

All the signs said a recovery was coming up soon -- but it never seemed to arrive.

Now that we've clearly reached our destination (the economy grew at an 8.2 percent rate in the third quarter), we have a new question: How long will it last?

Best stocks 2004 • MONEY: 6 picks

In fact, the outlook for equities over the next five years is brighter than many people seem to think.

In this story, I'll examine that question and assess the current upturn. I'll also profile five stocks that have led the recent market run-up but still appear attractively priced.

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