good new year,FSE?.......think most of us into fib long term are working on your suggested lines.it may be jam tomorrow,but another repeat of 2nd QTR+ '03 for this year will do me nicely! have been listening to bloomers regarding numbers etc,and some keep expecting a fall/pull back,based on they think the dow,and especially the nas,cannot keep up this head of steam.IF we are seeing a continuation of the start of a bull run,then,like most,have already missed the boat? even if the markets in general get a correction,there are stocks that do rise in a 'bear' market.and,as you suggest,if the client base is expanding,then the 'spring' fruits may arrive a little late,but arrive they will.some female analyst on bloomers was saying she is backing telecoms to have a reversal this year,not to decline,but accelerrate,on business take up on capex.4 years is a long time in consumerland?.....stu