FINANCIAL REFORM

DODD BILL may get vote today, does there seem to be an air of foulness towrds Wall Street? Bush dividend tax cut due to expire in Jan 2011.......GS charges.........Wall Street friendly usually equals healthy markets. We have enough mechanisms in place if only they would function to protect like they should. Old laws voided that protected may be reborn including Glass Steagle and Commodities Act.

How can Consumer Spending equal what it was in 2007 when since then at least 8 MILLION JOBS have dissapeared? Some people have been recieving gov unemployment for 2 plus years, many have stopped paying their mortgage......47% now pay no taxes.....this has been diverted into spending.

Majority of "STIMULUS" is past, and mostly ineffective in creating jobs. 0% interest rates have aided banks but not anyone else, GOV incentives incl have not cleared the deck of unsold homes.

AT the root of our economy is housing and all the trickle down purchasing that goes along with it......bursting of DEBT bubble is not so easily erased.

We are back to price where the real fireworks went off, LEHMAN and AIG........at same time more and more stocks are fading from participation, and earnings news is not catapulting most forward.

IMHO we have enough on the table that I think the market takes a rest here, but who knows how much further the cyclical bull can go.

MM's, savers get nothing.......there is not much competition as yet for the alure of stock gains.

IMHO A SHITLOAD of V SHAPED recovery is priced into and then some in most stocks, good value being harder to find.....hasn't the EASY MONEY already been made?

PPI and claims at 8:30

D