Hi rb_engineer, my point is subprime woes have affected the market. You can still say it is up 10% this year or you can say it is up 1000% this century, yet these are merely interesting facts which do not contradict my view.

I hold many stocks that I never thought could be affected by subprime, but yesterday I lost ~ 3% after the S&P junked $12B of subprime holdings (I’m still up over 13% this year). This includes foreign stocks.

I feel certain my stocks would be doing much better if this subprime storm cloud was not hanging over the economy. Yesterday was obvious, but in general things have been affected for months.