told you to get your calls in place!, page-23

re: crashes through 8500 .. 9000? Grant,

Unemployment figures only include people who are still entitled to benefits, these run out after six months I think. The underlying unemployment rate would be much worse. Listening to Financial Sense Onlines weekly net broadcast apparently real rates of inflation are running at around 8-10% per year. Essentials such as food, petrol, education etc all going up (as they are in Australia). States running huge deficits, companies still laying off thousands of workers, earnings downgrades, s&p500 trailing PE of 31 and dividend yield < 2%. These are not the makings of a new bull market.

CJ