Talk about all the sophistication of the over-leveraged hedge funds playing with dirivitives, the hostile take overs by Ichan and Pirate Capital and you get lost in the maze of contradiction, conflict and confusion. All the computer programs in the world don't trump the basics.

Macro economics always have, and always will rule over the dramatic micro blips and bubbles. The one thing that is real is that the US economy is deeply in debt and has to devalue the dollar to keep afloat with that debt. By putting the "brakes" on inflation the Fed is giving corporate interests the tool needed to depress labor prices as well as domestic commodity prices. Watch what has been happening to the dollar as opposed to those socialist curriencies like the Euro. When Bush went in the Euro was $ .85, now it is $ 1.19. Look at the Canadian dollar, it will soon be on a par with the US dollar and may be of more value in the future. Watch China and India and Brazil and even what is happening with the Ruble in Russia. The dollar is under siege and presently, unless we can invent ourselves out of the hole, its future calls for shorting it against other curency. With great optimism, I figure we will find a new widget and continue on to the next crisis. In the meanwhile, I am looking at investment in Brazil, Eastern Europe, and India. For some silly reason I am wary of China and there are plenty of other choices.

If you say the market is a game, you are right. But then, you could make the same conversation and substitue the word life. The trick of the matter is to find a niche, a gimmick, a ploy, or a consistent plan to pursue. They all work--for someone. In the meanwhile, if you know of a strong growth situation with a low PE and is currently profitable...................

Publius