w1ld wrote:
] ] Which will it be? Lower prices and more gloom? Higher
] ] prices and smiles?News events that we can't now predict
] ] will certainly have a big role in settling the question.
] ] But I think I can make a strong case that we've got a
] ] 3%-to-8% decline ahead of us before we can start looking
] ] for an end to this punishment and the beginning of the
] ] next temporary rally.Let me count the reasons why

I originally dismissed your previous post from MSN on an upcoming bear market, but over the last 2 weeks I've seen a lot more evidence of this maybe being true. For one, the market has tested the 100 day floor and broken it. Second, good news from Apple, Yahoo, Ebay, and probably Google have not created enough momentum to do anything other than a very short term rally (and only on the Nasdaq!). There are a few gems out there that seem to be defying gravity (like AMHC! or ESLR) but finding these value stocks takes a lot of time and research. I think that the situation could get really really nasty, since consumer debt and national debt is just ridiculous, the falling dollar, energy costs, trade imbalance, and I think the housing market is going to burst. If maybe just two of those things gets even further out of line, it's going to be another big bust.