"Market looks six-nine months out, well past the double dip."
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marvin.....
I have no problem with the first part of your statement, but the second part?? - I don't think so. That is where the bull argument gets in trouble, making the same mistake for over two years and counting. What is there that suggests that the economy will be recovering then? - nothing that I can see, just as there has been nothing but hope to base the countless calls of "the recovery is just around the corner" for the past two years or more.
The recovery will come when the consumer recovers, and that will take a large reduction in debt and an improving job market. I see no way that can happen as quickly as you suggest and believe that the recession is in its early stages and will last longer and will be deeper than most folks now think.
Just my opinion, though.
mlsoft
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