Guys, The following article articulates well a concern I've had for some time now about the longevity of the US market's positive growth. Their burgeoning foreign debt position and a seeming lack of faith in their economic fundamentals might well manifest itself in a marked correction in their market. Given the ASX follows the US, I am starting to get slightly nervous about adopting a highly leveraged position in the ASX and risking a margin call. Here's a quote which kind of sums up the article: I'd be very interested to hear what some of the seasoned investors feel about the strength of the Dow and the likely impact on the ASX. I'd be particularly interested in Steve's thoughts about this. I know it is being a bit "predictive", but it was my technical nature that spared me from the dotcom crash. It wasn't so much prediction as reaction to an obvious asset bubble. I sold out completely about a month prior to the major correction. I don't think we've gone completely bubble in the US yet, but its certainly getting into dangerous territory. Link to the full article: http://www.smh.com.au/news/business/somethings-gotta-give-in-america/2005/11/22/1132421665012.html Thoughts? Michael.