There is money on the sidelines so once there is a sniff of bottom this thing will rise fast and way way before hiring kicks in. At least it seems to have worked that way in the past. There is a new fear out there since the new market players in the past twenty years have never seen a loss as what we have just taken so they will be very skittish but it will take off. if Obama would just take over BOA and Citi and get over it.
NPR being chatty this morning talking about bank nationalization, we could go SOB (state owned banks) or call it the Swedish model. I would go for a Swedish model any day.
My prediction. The dead cat has finished bouncing and we are going up. Today was not dead cat. "It's alive!" We are going to have even higher unemployement but the market is the first to start recovering and I smell it.
Feel free to bring this thread back up when the market tanks another 30% in the next month.
Wow, did I call the bottom or what? Feb 24 I called it and AAPL made its last tick down a couple of weeks later on March 6 at 86 and now is at 191 with a healthy DOW climbing past 10,000.
There may be a point in time within a year that AAPL market cap goes past MSFT. That will be the day Ballmer is officially rated as someone who took a golden egg and turned it to lead.
Ah, no raining on this parade. There is rain for nine more months if you don't have a job. And the inflation rate will kick in and will keep time with the DOW ticking up or at least it better as the debt load on our economy has to become less valued and that is the only way to do it.
Now my exuberance is not saying AAPL at 400 in a year. Those days are gone. 223 by Christmas and 285 by end of 2010. Not a bad return. Of course as Reboot has pointed out, no return at all unless you sell.
[edit] and if you go back and look at my posts I called it right all the way through. Nothing irrational about it. Just didn't know exactly when the meltdown would occur. I blundered on that by pure fortuitous accident.
The other part I have gotten wrong is I thought hyper inflation would show up and it hasn't. Or not so you would notice. But at interest rates scraping the bottom an inflation rate of 8.5 would be huge.
Yep could hit the big $200 in the next week or 2...
Intel came in yesterday with better than expected earnings and sales..
then IBM and Google did today also . . Woo Hoo !
and even lowly AMD, while no profit, lost much less than the market expected. (18 cents vs the 42 expected)
The TECH sector is definitely rising and they now are saying much is business purchases not just consumers... GREAT News ! More indications the {Bush } recession is ending . . AND sooner than expected.. so maybe next year the jobs will return ... earlier than expected.
} recession is ending . . AND sooner than expected.. so maybe next year the jobs will return ... earlier than expected. 
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