The Fed & Short Sales

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=82 BGCOLOR="#006600" TEXT="#F7F7FF" bgproperties="fixed" background="00505521dwnpjk.jpg"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>InvestmentTools.com <style type="text/css">  </style></B></FONT><FONT SIZE="2" COLOR="#FFFFFF" FACE="Arial" ><B> </B></FONT><B>| </B><A HREF="http://www.investmenttools.com/" TARGET="_top" TITLE="http://www.investmenttools.com/"><U>home</U></A>          <B> </B><A HREF="index.htm" TARGET="_top" TITLE="The Fed Short Sales"><U><B><IMG SRC="00a0a0b0.jpg" border=0 width="10" height="11" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A></div> <div> <A HREF="http://www.investmenttools.com/the_home_of_investmenttools__the_com_tock_letter_and_tradingtools.htm" TARGET="_top" TITLE="http://www.investmenttools.com/the_home_"><U><B>About</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/equities/" TARGET="_top" TITLE="http://www.investmenttools.com/equities/"><U><B>Equities</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/futures/" TARGET="_top" TITLE="http://www.investmenttools.com/futures/"><U><B>Commodity/Futures</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/thestate/" TARGET="_top" TITLE="http://www.investmenttools.com/thestate/"><U><B>The State</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/bonds/" TARGET="_top" TITLE="http://www.investmenttools.com/bonds/"><U><B>Notes/Bonds</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/editorials.htm" TARGET="_top" TITLE="http://www.investmenttools.com/editorial"><U><B>Editorials</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/sic_itur_ad_astra.htm" TARGET="_top" TITLE="http://www.investmenttools.com/sic_itur_"><U><B>Volition</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/com_tock_letter.htm" TARGET="_top" TITLE="http://www.investmenttools.com/com_tock_"><U><B>Com$tock Letter</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/welcome_to_the_links__page.htm" TARGET="_top" TITLE="http://www.investmenttools.com/welcome_t"><U><B>Links</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/thefed/" TARGET="_top" TITLE="http://www.investmenttools.com/thefed/"><U><B>The Fed & Short Sales </B></U></A><B>   </B><A HREF="http://www.investmenttools.com/finacial_planning.htm" TARGET="_top" TITLE="http://www.investmenttools.com/finacial_"><U><B>Miscellaneous</B></U></A><B>  </B></div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FF9900" TEXT="#080000" background="006d2053.jpg"> <div> <TABLE BORDER="4" CELLPADDING="4" CELLSPACING="4" WIDTH="165" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" BGCOLOR=#FFFFFF > <tR> <tD VALIGN=TOP HEIGHT= 112 WIDTH="139"><div> <B>The lack of money is the root of all evil.</B></div> <bR> <div> <B>Mark Twain</B></div> </tD> </tR> </TABLE></div> <div>  <A HREF="http://www.investmenttools.com/ccount/click.php?id=4 " TARGET="_blank" TITLE="Fortune River"> <U><B><IMG SRC="../../images/ads/fr/fr2.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A>  </div> <div>  <A HREF="http://www.investmenttools.com/ccount/click.php?id=3" TARGET="_blank" TITLE="Silver Standard"> <IMG SRC="../../images/ads/ssani_120x60mount.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </A>  </div> <div>  <A HREF="http://www.investmenttools.com/ccount/click.php?id=2 " TARGET="_blank" TITLE="R.Band"> <U><B><IMG SRC="http://investmenttools.com/images/ads/band3.gif" border=0 height="60" width="120" ALIGN="" HSPACE="15" VSPACE="0"></B></U></A>  </div> <div> <B> <object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.ca b#version=6,0,29,0" width="120" height="60"> <param name="movie" value="http://investmenttools.com/images/Ads/ep/eagleplains_120x60_banner.sw f"> <param name="quality" value="high"> <embed src="http://investmenttools.com/images/Ads/ep/eagleplains_120x60_banner.swf" quality="high" bgcolor="#FFFFFF" width="120" height="60" name="eagle_plains_120x60banner" align="" pluginspage="http://www.macromedia.com/go/getflashplayer" type="application/x-shockwave-flash" width="120" height="60"></embed> </object>  </B></div> <div>  <img height="60" hspace="0" src="http://www.investmenttools.com/images/ads/visitsponsorgreen120x601.gif" width="120" align="center" border="0" />  </div> <div> <B> <script type="text/javascript" src="http://investmenttools.com/ieupdate.js"></script>  </B></div> </td> <td valign="top" height=398 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>The Fed & Short  Sales</B></div> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="483" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 23 ><NOBR><div> <A HREF="federal_reserve_news.htm" TARGET="_top" TITLE="Federal Reserve News"><U><B>Federal Reserve News</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="-1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="-1" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="http://www.investmenttools.com/bonds/fixed_income_news.htm" TARGET="_top" TITLE="http://www.investmenttools.com/bonds/fix"><U><B>Fixed Income News</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="2"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="2" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="http://www.investmenttools.com/bonds/mortgage_industry_news.htm" TARGET="_top" TITLE="http://www.investmenttools.com/bonds/mor"><U><B>Mortgage Industry News</B></U></A></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 23 WIDTH="146"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="146" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="-1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="-1" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="2"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="2" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="181"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="23" ALIGN="bottom" WIDTH="181" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <div> <B> <script language="JavaScript" type="text/javascript">  </script> <script language="JavaScript" src="http://ypn-js.overture.com/partner/js/ypn.js"> </script>  </B></div> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="583" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 641 WIDTH="300"><div> <FONT SIZE="3" COLOR="#FF9900" FACE="Arial" ><I><B><IMG BORDER="0" SRC="Wing0a7300a800f00099ff00.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Federal Reserve Data</B></I></FONT><I><B>:</B></I><B>         </B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B>                                    </B></FONT></div> <bR> <div> <A HREF="federal_reserve_monetary_base.htm" TARGET="_top" TITLE="Monetary Base"><U><B><IMG BORDER="0" SRC="Symb075c002a00f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Monetary Base</B></U></A></div> <div> <A HREF="total_fed_reserves.htm" TARGET="_top" TITLE="Total Fed Reserves"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Total Fed Reserves</B></U></A></div> <div> <A HREF="required_fed_reserves.htm" TARGET="_top" TITLE="Required Fed Reserves"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Required Fed Reserves</B></U></A></div> <div> <A HREF="excess_fed_reserves.htm" TARGET="_top" TITLE="Excess Fed Reserves"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Excess Fed Reserves</B></U></A></div> <div> <A HREF="fed_borrowing.htm" TARGET="_top" TITLE="Fed Borrowing"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Fed Borrowing</B></U></A></div> <div> <A HREF="fedderal_reserve_free_reserves.htm" TARGET="_top" TITLE="Fed Free Reserves"><U><B><IMG BORDER="0" SRC="Symb075c002a00f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Fed Free Reserves</B></U></A></div> <div> <A HREF="fed_funds_rate.htm" TARGET="_top" TITLE="Fed Funds Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Fed Funds Rate</B></U></A></div> <div> <A HREF="fed_discount_rate.htm" TARGET="_top" TITLE="Fed Discount Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Fed Discount Rate</B></U></A></div> <div> <A HREF="3_month_t_bill_rate.htm" TARGET="_top" TITLE="3 Month TBill Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">3 Month T-Bill Rate</B></U></A></div> <div> <A HREF="1_year_t_bill_rates.htm" TARGET="_top" TITLE="1 Year TBill Rates"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">1 Year T-Bill Rate</B></U></A></div> <div> <A HREF="5_year_t_note_rate.htm" TARGET="_top" TITLE="5 Year TNote Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">5 Year T-Note Rate</B></U></A></div> <div> <A HREF="long_term_t_bond_rate.htm" TARGET="_top" TITLE="Long Term TBond Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Long Term T-Bond Rate</B></U></A></div> <div> <A HREF="long_term_t_bond_rate_minus_discount_rate.htm" TARGET="_top" TITLE="Long term TBond Rate minus Discount Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Long Term T-Bond Rate minus Discount Rate</B></U></A></div> <div> <A HREF="prime_rate.htm" TARGET="_top" TITLE="Prime Rate"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Prime Rate</B></U></A></div> <div> <A HREF="us_m1.htm" TARGET="_top" TITLE="M1 "><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">M1</B></U></A></div> <div> <A HREF="m2.htm" TARGET="_top" TITLE="M2"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">M2</B></U></A></div> <div> <A HREF="mzm.htm" TARGET="_top" TITLE="MZM"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">MZM</B></U></A></div> <div> <A HREF="m3.htm" TARGET="_top" TITLE="M3"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">M3</B></U></A><B> </B><FONT SIZE="2" COLOR="#000000" FACE="Courier New" ><B>is no longer published</B></FONT></div> <div> <A HREF="institutional_money_funds.htm" TARGET="_top" TITLE="Institutional Money Funds"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Institutional Money Funds</B></U></A></div> <div> <A HREF="money_multiplier__velocity_.htm" TARGET="_top" TITLE="Money Multiplier"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Multiplier</B></U></A></div> <div> <A HREF="commercial_and_industrial_loans.htm" TARGET="_top" TITLE="Commercial and Industrial Loans "><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Commercial and Industrial Loans </B></U></A></div> <div> <A HREF="_real_estate_loans_at_all_commercial_banks.htm" TARGET="_top" TITLE="Real Estate Loans"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Real Estate Loans</B></U></A></div> <div> <A HREF="total_consumer_credit_outstanding.htm" TARGET="_top" TITLE="Consumer Credit Outstanding"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Consumer Credit Outstanding</B></U></A></div> <div> <A HREF="http://www.investmenttools.com/thestate/short_rates_minus_inflation_rate.htm" TARGET="_top" TITLE="http://www.investmenttools.com/thestate/"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Fed Funds Rate minus Inflation Rate</B></U></A></div> <div> <A HREF="http://www.treas.gov/tic/mfh.txt" TARGET="_blank" TITLE="http://www.treas.gov/tic/mfh.txt"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Major foreign holders of Treasury securities </B></U></A></div> <div> <A HREF="http://www.treas.gov/tic/mfhhis01.txt" TARGET="_blank" TITLE="http://www.treas.gov/tic/mfhhis01.txt"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Historic list of major foreign holders of Treasury securities</B></U></A><A HREF="http://www.treas.gov/tic/mfhhis01.txt" TARGET="_blank" TITLE="http://www.treas.gov/tic/mfhhis01.txt"><U><B> </B></U></A></div> </tD> <tD VALIGN=TOP><NOBR><div> <I><B><IMG BORDER="0" SRC="Wing0a7300a800f00099ff00.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Short Sales</B></I><FONT SIZE="3" COLOR="#FF9900" FACE="Courier New" ><I><B>:</B></I></FONT></div> <bR> <div> <A HREF="margin_debt.htm" TARGET="_top" TITLE="Margin Debt"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Margin Debt</B></U></A></div> <div> <A HREF="total_short_sales.htm" TARGET="_top" TITLE="Total Short Sales"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Total Short Sales</B></U></A></div> <div> <A HREF="nyse_member_short_sales.htm" TARGET="_top" TITLE="Member Short Sales"><U><B><IMG BORDER="0" SRC="Symb075c002a00f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Member Short Sales</B></U></A></div> <div> <A HREF="public_short_sales.htm" TARGET="_top" TITLE="Public Short Sales"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Public Short Sales</B></U></A></div> <div> <A HREF="specialist_short_sales.htm" TARGET="_top" TITLE="Specialist Short Sales"><U><B><IMG BORDER="0" SRC="Symb075c002a00f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Specialist Short Sales</B></U></A></div> <div> <A HREF="short_interest_ratio.htm" TARGET="_top" TITLE="Short Interest Ratio"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Short Interest Ratio</B></U></A></div> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="225" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 75 WIDTH="95"><div> <B>this way</B></div> <div> <B> <IMG SRC="../../images/blog/tn_tnarrow.jpg" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0">  </B></div> </tD> <tD VALIGN=TOP><NOBR><bR> <div> <A HREF="http://investmenttools.blogspot.com/" TARGET="_blank" TITLE="http://investmenttools.blogspot.com/"><U><B>IT Blog</B></U></A></div> <bR> </NOBR></tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="264" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 21 WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="21" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="124"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="21" ALIGN="bottom" WIDTH="124" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="4" CELLPADDING="5" CELLSPACING="2" WIDTH="255" BORDERCOLORLIGHT="#FF9900" BORDERCOLORDARK="#FF9900" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 97 WIDTH="231"><div> <I><B>Dear Visitor, if you would like to receive  e-mail when we see something of interest you can subscribe to our "free" service</B></I><FONT SIZE="3" COLOR="#000000" FACE="Arial" ><B> </B></FONT><FONT SIZE="3" COLOR="#0033FF" FACE="Arial" ><A HREF="http://www.investmenttools.com/signuppage.htm" TARGET="_top" TITLE="http://www.investmenttools.com/signuppag"><U><B>here.</B></U></A></FONT></div> </tD> </tR> </TABLE></B></div> <bR> <bR> <bR> <bR> </NOBR></tD> </tR> </TABLE></B></div> <div> <B> <iframe src="http://rcm.amazon.com/e/cm?t=investmenttoo-20&o=1&p=13&l=st1&mode=books&search=Investments&fc1=&=1&lc1=&lt1=_blank&f=ifr&bg1=&f=ifr" marginwidth="0" marginheight="0" width="468" height="60" border="0" frameborder="0" style="border:none;" scrolling="no"></iframe>  </B></div> <div> <B>  <img src="http://s1.amazon.com/exec/varzea/tipbox/A2R01UWK8EYBPZ/T1NRWMFK2CF6IL" usemap="#T1NRWMFK2CF6IL" border="0" alt="Amazon Honor System"> <map name="T1NRWMFK2CF6IL"> <area coords="350,0,460,60" href="http://s1.amazon.com/exec/varzea/pay/T1NRWMFK2CF6IL" alt="Click Here to Pay" target=_top> <area coords="165,40,310,55" href="http://s1.amazon.com/exec/varzea/subst/fx/help/how-we-know.html" alt="Learn More" target=_top> </map>   </B></div> <div> <B><IMG SRC="12bd43c0.gif" border=0 width="468" height="60" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <bR> <div> <B> <script type="text/javascript" src="http://investmenttools.com/ieupdate.js"></script>  </B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B>    <script type="text/javascript" language="javascript" src="http://fry.webtistic.com/philip.php?id=71"></script> <noscript> <a href="http://www.webtistic.com/"> <img SRC="http://fry.webtistic.com/hit.php?a=71" border="0" alt="Webtistic - Traffic Analysis"> </a></noscript>   </B></FONT></div> </td> </tr></table></body>