Headley says another big positive change is that investors are no longer looking for rallies as an opportunity to sell. Also, ''pullbacks are being bought,'' he says. That relieves some selling pressure that can short-circuit rallies."

October rallies -- tend to last - ''I think the rally has legs,''

"Richard Russell, long-time publisher of the Dow Theory Letter, calls the latest uptick just a "tradable rally" in a secular bear market. But he's not really sure why:
"Maybe it's time for the market to make mince-meat out of a large portion of shorts that are in this market. Maybe it's time for the bear to give the battered bulls a little hope. Maybe it's time for Mr. Bear to bring in a fresh batch of investors who believe that we've seen the end of the bear market."
When bull starts, no loud bell rings
Translation? It's a sucker's rally! Bears lure long-term investors back. They start buying. Only to lose more money later when the market drops further in this "secular bear market."
If true, the best strategy for a long-term investor in a "tradable rally" is to do nothing, forget stocks and hold tight to your cash. "

Start buying stock funds now

Customers of Gabelli mutual funds lost an average of 44% of their portfolios last year, but Mario Gabelli made $47 million. He and many other big-name fund executives have yet to scale back their pay despite their dismal performances.
"

Fund fat cats get rich as investors suffer

Cohen cut her 12- to 18-month target on the S&P 500 to 1150 from 1300 and on the Dow to 10,800 from 11,300. "

Yahoo! News - Cohen Cuts Targets on the S&P 500 and Dow

Last caveat? "Unless we get a Fed Funds rate cut or a massive short squeeze via a volume surge, I feel we are close (to a bottom). But in a perfect world I would like to see one more crack, a big surge in pessimism," Lane says. That Dow 6,300 low, he says, "would create, dare I say it, better valuation levels for equities, which would probably allow for a more sustainable advance."

Looking for a target, one analyst chooses Dow 6,300

"Contrary to what economists, Wall Street, and the White House are saying, Whitney Tilson believes that we are on the verge of -- if not already experiencing -- the second dip of the dreaded "double-dip" recession.
I don't claim to be an economist, and, as a bottom-up investor, I generally pay little attention to macroeconomic forecasts, but the current consensus among economists that the U.S. economy has stabilized and will soon bounce back strikes me as so wrong that I feel compelled to respond. I think we're likely on the verge of -- if not already experiencing -- the second dip of the dreaded "double-dip" recession."

Fool.com: Recession Dip No. 2

Sun said in its annual report filed Monday it would consider a charge in its December-ending fiscal second quarter if its market value, currently $8.4 billion, did not recover to the April level of $29.1 billion. "

Where is this stock going????

Yahoo! News - Sun Micro Could See Up to $2.2 Bln 2nd Qtr Charge

"OMAHA, Neb., Sept 23 (Reuters) - Berkshire Hathaway Inc. (NYSE:BRKa - News), the conglomerate controlled by billionaire investor Warren Buffett, on Monday said it bought kitchenware seller The Pampered Chef, a privately held firm, but did not disclose the purchase price."

Buffett's Berkshire buys Pampered Chef kitchen firm

"During the long bull market of the 1990s, Wharton finance professor Jeremy Siegel’s 1994 bestseller, Stocks for the Long Run, was the closest thing there was to an investor’s Bible, preaching the long-term benefits of stocks over bonds and cash. Then in 2000 Siegels friend and MIT graduate school classmate, Robert Shiller, warned of the risky, unpredictable nature of stocks in his own bestseller, Irrational Exuberance.
Just as Siegel’s book had seemed to predict – perhaps even to help create – one of the greatest bull markets in U.S. history, the book by Shiller, an economics professor at Yale, was dead-on in forecasting the stock-market plunge that began in the spring of 2000.
With two years to test these dueling views against real market data, which holds up best? "

Stocks Revisited: Siegel and Shiller Debate

The exchange said the move is intended to reassure investors, who have seen a 96 percent drop in the Neuer Markt's value from its peak in March 2000, about the reliability of the companies listed. "

Yahoo! News - Germany Shuts Down High-Tech Market