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You are almost there whenwood. The markets are tradeable or they are not. It is entirely up to each individual. regards f9

May I be permitted to say that we should all be looking at this situation in it´s broadest of terms ... namely the "commodities wars" of which the opening shots have been fired and we are all onboard and underway. The Pentagon has just asked Congress for 515B plus a topup 70B for the Iraq...

My apologies Cocaine, shouldnt have done it. I was trying to demonstrate the "assumption trap" to a Trader who emailed me with a problem and he just could not accept that his actions were balancing on an assumption. regards f9

Of course I knew Cocaine. I was feeling in a playful mood. It does go to show however how many ETs fall into the "assumption trap" Not a good place to be when you are trading real money. regards f9

Thank you ETs You are a constant never ending source of entertainment regards f9

I take it that you dont know. regards f9

Here in Buenos Aires RE dropped up to 70% in 2002. regards f9

Why do you suppose the gov decided to drop the number against market expectations. regards f9

Looks like the machines kicked in around 8:30 on the ES. What do you think caused that regards f9

The two most powerful indicators of recession have both tested positive. 1 ... the number of containers entered US ports is dropping. 2 ... President Bush says that the US economy is strong and therefore not in recession. Both these indicators have an error rate of less than 1%...

Quite right. In any "free" society you get the leaders that you deserve. regards f9

My point exactly regards f9

Give this a tune up. Broadly speaking, say the current cc balance is a trillion and say there are 100 million households in US. Then every household has 10,000 on their cards. Just imagine if the majority apply their tax rebate to their cc balance. regards f9

Why confine your comment to just ET. regards f9

You are a very hard person to follow. If B has an iron grip on economics as you believe and if the Fed should not be a "saving force" as you say, then why did B take the job. regards f9

See what I mean. It just restores my faith in ET regards f9

The job should not exist. It was a bandaid applied to a problem. regards f9

The funny thing is that we are discussing human nature and yet there are those amongst us who know that if you redefine reality and fiddle with it, you can pass the problem forward onto the next guys watch under the banner "it is the economy stupid". And so you may ask who would want to be...

Oops forget to mention TD that you have listed Bernanke under Economics. Just wondered if you can see a connection between the two that is beyond the rest of us, or is it just your wicked sense of humour. regards f9

Just when I think that ET is becoming boringly, deadly dull and even slightly focused on trading of all things, along comes a thread like this and in one brave stroke, restores my failing faith in ET. regards from sunny Buenos Aires located in the heart of the first world. f9