The New CS Board

[dmorse]

2008-2009 was the worst earnings collapse of our lifetime. We will have to see how this plays out. The government and Fed acted much quicker this time. I'm just trying to challenge my thinking because this bounce is much higher than I anticipated and need to remember the market is forward looking and looks out many months. It is still very uncertain how this all plays out, but there is short term positive news as things get better. We might be getting near peak optimism here.