To: The Ox who wrote (48134 ) 6/8/2010 3:29:00 PM From: Donald Wennerstrom 1 Recommendation Read Replies (2) | Respond to of 95594 Ox, Good to hear from you as always and you had a lot of good things to say. However, right now there are millions of people in the market out there who are not buying what you are saying. I am an old retired guy who has seen a lot of nervous markets in my past years, but they are never the same. We have the situation now where the tech sector has been in a nice recovery mode of sorts(after having been massacred beginning in mid 07 through 08, early 09), but that's about all the good things you can say. The financial markets are a mess, and the over borrowing against the future around the world has reached about the end of its existence. This is not the decade of the 90's when most things were fine, unemployment was low and people had lots of money to spend when the market investments were consistently driving stocks prices higher. The SPX is lower now than it was in 1999(1500 then compared to 1050 today), and that is not even inflation adjusted! We have just come through the "lost decade" of the 00's with the market's tail between its legs. Tech might be fine now, and I do expect a very nice quarterly reporting period in July, but how do you keep it going? The world financial situation has to be fixed and employment here in the U.S. and around the world has to get substantially better before we have real growth again in all sectors. We might have another decade to wait before that happens. Here is one of my favorite charts from the dshort site.dshort.com We have a long way to go for the SPX to get back to the 99/00 numbers, and for the moment and foreseeable future, not much, if any, of an upturn in sight. Don