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Default Speed of Execution

I have noticed that when my code comes to things like this:
With Selection
.HorizontalAlignment = xlCenter
.VerticalAlignment = xlBottom
.WrapText = False
.Orientation = 0
.AddIndent = False
.IndentLevel = 0
.ShrinkToFit = False
.ReadingOrder = xlContext
.MergeCells = False
End With
that it slows WAY DOWN! At the start of the subs I have this:
Application.EnableEvents = False
Application.ScreenUpdating = False
Application.Cursor = xlWait
but it still is very slow. I am in a new workbook that I just added during
the execution. Would I need to execute the enableevents statement on the
newly added wb too or is the statement at time of beginning the calling sub
sufficient? Any ideas?

 
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