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To: mishedlo who wrote (127657)	1/4/2006 12:08:02 PM
From: Win-Lose-Draw	Respond to of 209892

Try reading the stuff from Marketwatch or CNBC. Thanks, but I'd rather pull my own teeth with a rusty pair of pliers. :) In no way do I see CNBC as being representative of any sentiment other than the one their advertisers wish people had. I have no doubt at all that the yappy heads and newsletter pumpers and punditry bloggers are in a completely different head space than either Mom'n'Pop or professional money folk. The latter are (mostly) milking the range and eating their own (RenTech up to ~15% of all trading volume and now opening a $100B (yes, B) fund) while the former by and large still don't give a flying f'k about the equity market. As for the yield curve, Greenspan and a zillion other people are saying it does not matter. In fairness to Greenspan, nobody has demonstrated otherwise. The Mishkin/Estrella study so often cited is pretty flawed and suffers from the usual econometric difficulty of having way way to few data points. Even taking the study at face value, it projects barely a 1 in 4 chance of recession in a small-inversion scenario.