I don't know about anyone else on the board, but I for one have a real foreboding sense about this rally we are experiencing. I know that most on this board are short term players but I have friends and family that are looking at this market and the "V-shaped bottom that CNBC and the media is trying to promote and it all seems smoke and mirrors to me. I think what bothers me is how do they get away with all the B.S. I mean you have economists and professors coming onto the scene and saying they expect earnings and other indicators to show that we will be coming out of this slump sometime mid 2002, which of course is like three quarters later than they were saying umm... three quarters ago. Just look at the paper for gods sake....the lay offs are unreal, you have all these people who are refinancing their homes and taking out second mortgages to take advantage of lower rates, on homes whose prices are falling. My grandmother tells me that just in the past few months the she has noticed the home prices in her fairly nice neighborhood starting to fall off the map. Our banking institutions have all our money tied up in derivative products that probably make pairs trading looks like tic tac toe. What happens if people not only get scared for their safety but get scared in a place that "really" freaks Americans out. (No offense intended, but the fact is that as far as terrorism and the like goes almost everyone still thinks it cant happen to them) But if you get wide spread bank failures, you can bet people will get nervous as hell. So why the rant? Well I guess its to see if I'm the only one. I think what the market is showing us now in the Dow is the "last breath" before it gives out, and collapses way past normal long term valuations. And the Naz....biggest bull trap ever....maybe not for the Elitetrader crowd but what about all your families and relatives stuck in those mutual funds with snail paced managers trying to get back in? I think the Naz has just showed us the biggest percentage bounce after the first leg down to be followed by the second leg that will last 9 to 12 months of 2002. If I had to guess I think the money trying to still get in may sustain the market for another 4 to 6 weeks max. All that mutual fund money that CNBC says is pouring back into the market, guess where it is going to end up, thats right at the top of the biggest bull trap in history.....ouch. Is it just me? Trav "...and so Castles made of Sand fall into the Sea Eventually." - Hendrix "pay attention or pay the offer"