[Orion]

If you kept cash or TBills since '98, you would have outperformed the S&P, and would have crushed the Nasdaq performance.

The Fed is out of ammo, debt is at alltime highs, and confidence is in a freefall. Stocks are still more expensive (in terms of earnings) than they were BEFORE the crash in '87.

Tick-tock...tick-tock...tick-tock...

Anyone care to say where the major indexes bottom out? Naz=600, DJIA = 4500.

[First_Salute]

Bump.

[SevenDaysInMay]

With the feds spending lust wilder than during LBJ's great Society, IMO, we are in for a long sobering inflationary recession. Wall Street has been incestuous with accountants, committing the mortal Ander sin. There is no reason for investors to believe company financial reports.

[cinFLA]

The Fed is out of ammo,

A common misconception. As long as they are forcing interest rates low, the $$ are flowing into the finance system. Everyday I get offers of 0% credit cards (good till 7/03).

[bvw]

Ah, remember the days when the NASDAQ looked like it might rocket to parity with the DOW? Now the hope is it doesn't sink past the S&P 500.