This essay lays out a view of linguistic content in which discourse context plays an essential role. It provides a role for sentential content by using underspecification but argues that discourse level phenomena are essential not only to determining content but even grammaticality judgments in certain cases. It is thus argued that the traditional view which separates very strictly the areas of semantics — a context insensitive notion of meaning — and pragmatics — a non linguistic notion of speaker meaning — is inaccurate. In this line of thought, the paper pays a particular attention to hidden indexicals, anaphora and tense. The necessity of taking into account discursive parameters in order to solve semantic indeterminacy in such cases is argued for.