I would just warn you, the economy and the stock market are not on the same timeline.
Just came accross the bloomberg, Ken Heebner has been busy snapping up financials... considering he was shorting on the way down, just would take it into consideration.
But in all honesty, for all you bears...
The market is down nearly 50% from the high of Oct 2007. Do you guys honestly think the situation warrants going down more?
Wake up, the last time the market went down this much was during the depression, and THIS IS NOT THE DEPRESSION.
Right now, the last 10 years of market gains were wiped out... 10 years!
Things are bad... but do you think we will hit 25% unemployement and mass hysteria beyond what we have?
At the high, the prices were fairly valued, not they are stupid cheap.
I am not saying this is the absolute bottom, though lots of professionals think it is, but when you have every government official say they will do whatever it takes, things aint all that bad and will be good in the future.
Quite frankly, if the world is going to end, and the end of the economic free markets, might as well just go commit suicide.
