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Iâve heard about a "poor man's copyright." What is it?

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Mike Landfair

"companies have strong balance sheets"
Have you checked out GE's website: As a result of GE's restatement of its financial information in its amended 2004 Form 10-K dated May 6, 2005, readers should no longer rely on our previously filed financial statements and other financial information for the years and for each of the quarters in the years 2004, 2003, 2002 and 2001. Readers should also no longer rely on our previously announced results for the first quarter of 2005.

Then you say "The dollar is up, not down."
What you had is a mini rally in a bear market from 80 to 91, after a fall from 120 to 80, Big deal! Now it appears to be rolling over. I won't even bother to critique the rest of your points.
Mover mike

Chris Yeh

The two areas where I do hear, "this time it's different" are consumer Internet companies, and housing prices in certain over-inflated markets.

Bears watching (pun intended).

NCN

This is just the kind of post that I like to read. Seriously: Informative, well-written, personal...
Great, great post. I'm linking to it NOW...
Keep it up,
NCN

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