I say yesterday was the bottom. The Dow goes upwards from here.

[Nick Gromicko]

I hope I'm right.

[William Thacker]

Originally Posted by gromicko

I hope I'm right.

Was that the Magic 8-Ball's assessment?

[klott]

So far so good Nick. BTW, why do you say that? You got some inside info?

[Michael Larson]

Originally Posted by klott

So far so good Nick. BTW, why do you say that? You got some inside info?

I would remind many here that rallies often occur in bear markets.

There were several 20% plus rallies following the crash of 1929.

Plan accordingly.

We are a long way from a recovery.

[klott]

I was just speaking in regards to Nicks prediction. The graphs look like an EEG of a Heart patient.

[Brian E. Kelly]

Originally Posted by gromicko

I hope I'm right.

Houses are selling here is AZ, so maybe something is happening.
Of course most of them are bank owned.

[klott]

I heard Phoenix is leading the nation in the number of foreclosures. Is that true?

[George A. H. Luck]

I think that you are right Nick. I urge you to buy shares in Dominion Home Inspectors Inc. before they go way up with this recovering market.

[Joseph Burkeson, CMI]

Originally Posted by mlarson

I would remind many here that rallies often occur in bear markets.

There were several 20% plus rallies following the crash of 1929.

Plan accordingly.

We are a long way from a recovery.

I'm with Mike here, we had a few 15% relief rallys fizzle since the September lows. Bottoms do not normally look like this... Everyone was anticipating a rally so it is doubtful that this is it, and the VIX was way too low to show a capitulation bottom. All & all... Nope, we have a long way to go yet.

[Nick Gromicko]

http://www.google.com/finance?client...DEXDJX:grin:JI

[Nick Gromicko]

dow up again

[Keith Runquist, CMI]

Your thinking like a Capitalist Nick. Dear Leader has declared the end of Capitalism and imposed Socialism on us. They are busy nationalizing banks, car companies and raising taxes to the levels they see in Europe. Soon the health care industy will be taken over and the insurance companies. Unemployment rates could hit 30%. I think we'll see Dow 500 right before they suspend the 2010 elections due to economic collapse and Dear Leader becomes our benevolant ruler for life. But, maybe that's just me. We cannot survive Obama's spending. Billions for social programs and not one dime for stimulus.

[Kevin M. Leonard]

I Hope your right Nick. Although I am not sure we have seen the worst yet.

WOW Keith, You sure are optimistic. Have you built your Bomb shelter yet.

[nwagner]

Originally Posted by krunquist

Your thinking like a Capitalist Nick. Dear Leader has declared the end of Capitalism and imposed Socialism on us. They are busy nationalizing banks, car companies and raising taxes to the levels they see in Europe. Soon the health care industy will be taken over and the insurance companies. Unemployment rates could hit 30%. I think we'll see Dow 500 right before they suspend the 2010 elections due to economic collapse and Dear Leader becomes our benevolant ruler for life. But, maybe that's just me. We cannot survive Obama's spending. Billions for social programs and not one dime for stimulus.

Do you write for Worldnetdaily.com news or another GOP sore loser propaganda outlet?

[klott]

There will be a sequel in 2010 called, Stimulus 99...starring Barack Mohammed Hussien Obama. It will be Close Captioned for those who are dull of hearing.