It's going to bother consumers. When you look at consumer confidence over time, the main things that affect it are employment and income; but there are other events that can affect confidence, if only temporarily, and war is clearly one of them.

the location being kept in the strictest confidence.

When Kyle plays with confidence he is a tremendous player.

With Greenspan next week, if there is any sniff that maybe they are coming close to the end of their tightening, then maybe these flattening trades are not going to pay off as much as they have already, and that is why people are being a little more cautious about the flattening trades.

Consumer spending was really slowing down a lot in August and September. We're entering the fourth quarter on a weak note.

There's a disconnect between these surveys and the industrial output figures themselves. It may be that things were down for so long in manufacturing that any improvement looks strong in the eyes of the manufacturers, but the level of output remains rather low.