[Grampa Dave]

The Dow may be at the same level it was seven years ago, but the health of the economy is totally different now. In the late 90's the markets seemed to completely ignore corporate profits and focus on things like inflation and the Nasdaq bubble drove the Dow. Many Dow components were trading at 30 to 40+ times earnings then, today it is generally under 20, that is a huge difference.

The rats via Chris Dodd got a bill passed which enabled accounting whores/pimps like Arthur Andersen to bs investors on what was really happening to the bottom lines of many corporations.

That enabled Enron and hundreds of left wing corporations like the Ny Slimes to lie, spin and do anything they wanted to do with their books.

Greenspam knew this was happening and so did a lot of us. In 1999 early 2000 I sold most of our mutual funds in our IRAs and my wife's 401k. Then, I had moved most of our capital investments to ETFs with sell orders recalculated every week. The rest went into bond funds and Fido Money funds.

Those ETF sell orders saved our bacon in May 2000 when the Clinton/Arthur Andersen Bubble broke, and the recession began. We were on vacation for a little over 2 weeks and lost about 8% across the board (my weekly calculation re auto sell orders were based at 92% of the ETF's at close each Friday. We actually were ahead of the game ytd when the auto sell orders hit and ended up with a nice gain in our IRAs. My wife's 401k had been switched to mainly Bond Funds and the money market by April 2000.

We got back into the mutual funds and ETFs after 9/11, and we converted my Wife's 401K to about 90% capital mutual funds. She increased her monthly and yearly 401 contributions to the new maxs.

[wagglebee]

I remember back in 2001 or 2002, the Commerce Department restated a lot of economic data from the late 90's; however, this was entirely ignored by the media. Basically, the Clintonistas did the exact same thing to the American people that Enron and others did to their investors. The Clinton economy was one of the biggest shams in history and the media conspired with them on it.

[Liz]

The rats via Chris Dodd got a bill passed which enabled accounting whores/pimps like Arthur Andersen to bs investors on what was really happening to the bottom lines of many corporations. .....

An outrage. And Doddball actually has the gonads to put his name up for 2008.

[Mad_Tom_Rackham]

The Clinton administration was always an organized crime syndicate. The fact that Bush hasn't set this record straight is a testimony as to the depth of the corruption. One has only to look at Clinton's interview last weekend to understand that he is a lunatic.