Back at the bottom of the trading range, the Technology Sector looks cheap in relative and absolute terms.

Over-excited fantasies have elevated risk premiums at the bottom of the trading range.

The Fed now has several new reasons to make old inflationary mistakes.

Oil and jobs mean higher levels of political and monetary risk -- but the economy is still robust and stocks are very cheap.

Greenspan won't take a pass tomorrow -- but that's where the certainty ends.

The bond market is wrong if it thinks that oil is doing the Fed's tightening job for it.

We're at the point of maximum electoral uncertainty -- and it may continue until well after the election.

Today's pessimism is due more to media bias than to economic fundamentals.

Or is oil all about President George W. Bush?