A BIRD WITHOUT FEATHERS

From MISES CIRCA 2001

"However, in the short run, Greenspan at least can stop the ridiculous roller-coaster ride that has plagued us during his tenure as chairman of the Federal Reserve System. That would mean stopping the spikes in money growth, stopping the erratic policies of forcing down interest rates below the "natural" market rates, and calling for a major cutback in government spending. Once upon a time, Greenspan would have advocated such policies. Today, however, he is just another cog in the Washington, D.C., machine that grinds down everything that is good in our society."

**The Maestro knighted one has succeeded in floating the boats higher, and now withany sign of trouble he opens the flood gates again of the money supply......DAMN THE TORPEDOS

A rebound of the 175 point oops is near complete like it never happened......swooosh goes the money spigget, damn the consequences.

Was it all just a misunderstanding, an oil spike dollar dissing mistep?

BZH home builder streaking to new highs, like this will never end.

Help wanted index vaulted higher today to 41. We have been in LOW LOW 300K area for unemployment reports, again today.

BUT durable orders were down a big .9%.....a surprise? ahhh things made ot last.

MUSA and the steels still hot, but FRD is not, I am looking into that one to see why....$9 now. (3% dividend was $16, restated earnings HIGHER, so I know not the weakness)

I am thrown off by markets ability to hold on, but if we are talking about the rise from lows of this year, it is a tired rally, IMHO.

I wonder if the turn window will hold true and if rallying....would it be a high.

AHH, these's ONE DAY SELLING WONDERS do make one scrtach their head.

SGTL made nice come back today. Good trading to those nimble.

Duratek