Punkle> Interesting factoids.... I don't like GDP as an indicator. As you say to many adjustments. I like industrial production. IP has not seen a 7% bump, it has increased but only marginally since the recession. Now its made a lower high. <A HREF="http://www.bullandbearwise.com/IndProdChgChart.asp" target="_new">http://www.bullandbearwise.com/IndProdChgChart.asp</A> Since the JUNE spike high its not been bullish.