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CaptWhizbang

12/30/08 6:38 PM

#1205 RE: StormyMonday #1204

From CNN today:
I think people are anticipating a January rally and are trying to get in ahead of that," said Ron Kiddoo, chief investment officer at Cozad Asset Management.

Wilson said that he thinks that the start of the new year should bring in more buyers and that stocks could see a bigger rally then. The lows of the fall were the lows of this bear market and the market is bottoming or has bottomed, he believes.

Since bottoming on Nov. 20, stocks, as measured by the S&P 500, have rallied 18%.

"When you look at past bear markets and recession, stocks tend to turn six or nine months before the economic data bottom, and I think that's what we're seeing now," he said