[arete]

There are alot of economic reports due out this week. It could go either way. True test will come after the holiday though.

Richard W.

[steve50]

This market was dubbed as overly exuberant a couple thousand points lower than it is now. About the only change I see in the economy is debt restructuring and increased money supply. Not a reason to be bullish, imvho. Seems like we are determined to get the numbers up wither anything backs them or not, at least until the election cycle runs it's course.

[Soren]

Last year there was complacency right to the end of August. Then the markets started to fall hard in the beginning of Sep. I think we will see the same pattern. Last year, 9-11 pulled us out. Maybe this year we will have a war with Iraq. I don't see anything to get bullish about at this point. Debt and valuations are the keys, IMO.