In response to several emails regarding markets being a leading indicator for the economy in the future: many pointed out that the market has called six out of the last two recessions. They're right, of course, but the recessions they are accused of predicting were "corrections" to most market technicians and the reaction to 9/11 was just that, a reaction to 9/11. The stock market remains A GOOD INDICATOR to the future of the economy. Period. I did remark that the smart money must see something I don't see, because Greenspan (another genius who has caused the last two recessions by raising rates) has raised rates so he could be correct about the housing market.