One of the things no one has mentioned in this "THE MARKET" discussion is the fact that the "MARKET" makes furtunes on "churning" the listed equities...
In the words of Sadam Hossein, this is "The Mother of all churnings" we have ever seen...
Today I saw a broker walking out of WACHOVIA, (WHO IS UP FOR GRABS), smiling and whistling. When I asked him how he could be so euphoric in light of the Market crash and loss of his job? He smiled and said don'e worry about it, it is all nothing but blips on a computer screen...
My take is they will take this market down to 7500, (that was the low in October 2002 I think?), and then it will get right back up...
As for EDIG there is nothing but UP and UP from this point...It even went up today, when the Markets were doing their girations...
Gil...
