DrHelen:

I have my doubts about emerging economies resisting the slowdown

Oh there's no doubt they'll be affected.  It's the degree.  There isn't a day that goes by where I don't read an article about Chinese inflation, for instance.  But even if a few points get knocked off their GNP, they're STILL faring better than the US.  They're still spending money.  They're still gowing. They'll still building up their infrastructure.  That's why I say I'd rather bet on a global miner, supplying iron ore and coal, than a US company making cereal or paper towels.  But if the Street decides otherwise, I'll have no choice but to go "The Goldman Way".