I don't think I misunderstood Cos. I read into what you mentioned exactly that. It was an honest assessment of the overall econ factors and state of the market. Nothing dergo or neg about NOT was read into it. I respect what you wrote and do not disagree, in fact I agree with a lot of what you have said, the only differeing opinion I have (that I didn't mention as it isn't something that is worth debating here) is that I think there is a huge difference between 1929 (or 1980's) and now in that today any depression will be shorter and less global. It may be steep and violent but more localized.

JMHO.

Jeeper.