Zeev-- have had approximately the same thoughts as you with the exception of the nas. I actually looked for things to happen much faster than they have. There are still questions why some companys are still swimming against the BK current. Of course one must still wonder why some on other exchanges still exist too,, especially in the air line sector (US Air & ual should go POOF). Additional consolidation is required to dry up excess capacity in order to improve pricing and profits in the next few years. The thought of a volatile or lower mkt is understandable but a crash on the order of '29 is not probable. There have been many measures put in place over decades (and hours -- ext unemployment benefits) to curtail the possibility and not all ammo loaded yet either.