We'll give you the benefit of the doubt on that, tabby. :)

In actuality that statement is a compliment to me

So you don't have a high regard for the people on this Board?

skinned your knees falling down the stairs?

smug and safe

Tabby...FWIW, a big pool tournament coming up in your town in May...check yer local entertainment listings. If you want to bet on matches, find another local there...name of fatboy, real name Eric. Follow his betting lead, just don't bet as much...He's a very high roller in pool, but knows the game as well as anybody. Prolly better chance than the market right now...;)

Walls with high towers deflecting everything...avoiding conflict, avoiding risk avoiding being wrong...but we venture out with snow tires on...no reason nor rational, ambigous menaings that tell nothing. so we are back to the high toweer of deflecting everything.

If only I had skinned kness from falling down the stairs so many times.

Some people say, "Well how can you be so authoratative?" I say, "Well I have seen it be wrong so many times that the only answer left is the right one." You see the word "left" is my out..and why because it denotes being a finite number of answers. When you get down to knowing that and the reason behind it come back and TALK to me...

Go Tabula!

Come on Jimmy I'm waitin for an answer???

Ohhh you got 3 choichs

1. Say well things maybe infinite how do ya know? Well my use of the word "denotes" = suggests which is a statement of saying that I really don't know if things are infinite or not.

2. You can start to talk..to which I say "Now was that so hard?"

3. Or you deflect with a"Snow Tires" type of answer, to which I say I wish I could play poker with you cause if I went all in you would fold your Royal...

The sector that is pressing hardest on the market is financials. Other sectors are not making new lows.

Compare, for example XLF (Financials ETF) which is breaking down to new lows, versus RTH (retail), IGM (technology), OSX (energy), and other non-financials ETFs and indicies.

Financials, read banks, are at new lows because market is unsure if there will be anything left for bank equity holders. Also companies like GE, which have large financial operations. The talk of nationalization doesn't help, but fundamentally the problem is that the banks haven't convinced investors that they are solvent.

Ditto JYL

I don't know if I agree with your politics, but your asute when it comes to financial markets. You pay more attention to the day to day sector stuff then I do, so you can state more clearly what I basically know.

well its been emotional...

Next stop, Dow 6000.

Trendline earnings over the last ten years is about $51 on the S&P. At 12 x eps (typical trough p/e durring recessions) that puts the S&P at potentially at 612....20% lower from current 770.

My choich was to spend some time with my wife. IMO, that choich was clearly the best, even though it is fun pushing you down your own staircase. ;)

Jim, Oil is still pissed at Tab's MOTHER for standing him up and Gold can't wipe the smug look off his face. Will you please explain to Tabs the real reason the market is in the tank so he fully understands his responsibility in the matter? I mean, if he only had the sense to throw MOTHER down the stairs before she started a blood feud between two of the three most important desks in the cartel, the Dow would stilll be above 10,000.

I'm afraid young Theodore would get his ears boxed if he even thought about tossing MOTHER down the stairs. Better we send in the black helicopters.

Ok so you choose choich No. 2...Well Now was that so hard...