Once again, into the fray.  Let me first start by saying that I believe everything that was said in d12's communication.  Are we clear on that?  Don't shoot me yet.  It still remains a matter of timing though doesn't it? ... in a very dicey market.  To look at what could go differently to what is expected, as every investor should do, I call back past comments of " things are going to get interesting" , "stay on the edge of your seats" to the point that I developed a sore butt.  I remember R.N. putting out N.R.'s and then stating he can't understand what the market wants as he thought the reports were good but not reflected in the SP.  In conjunction with the latter, you'll note the explanation for doing the PP now was to avoid complications in an increasingly dangerous/unpredictable market, thus their feelings appear to be somewhat in alignment with my comment yesterday about taking care to enhance your position in light of the market nasties to come.... and come they will, to deny it is to say that the U.S./World financial situation will be fine from here... not to mention flying in the face of what NOT and it's financial advisors seem to believe may be coming (A very smart move for NOT).     

I still believe NOT could ride a bubble through much of the turmoil but only with extremely fine results which we are all expecting, myself included.  I do not, however, consider it to be a foregone conclusion.  Anyone who does is in conflict with the most basic rules of professional, to say nothing of intelligent, trading.