COULD WE BE FINALLY IN FOR WEEKS AND MONTHS OF RALLY?

AT some point reality will be reality , was there hope in 2002 as rates were squished to 1%.....very much so....911 scare in rear view mirror...life must go on...REAL ESTATE is HOT....MONEY FLOWED LIKE WINE....speculators bloomed like the desert rose....now my friends we have none of this....this is what we got.

NEW YORK (CNNMoney.com) -- Weak auto sales are likely to continue through the first quarter of 2009, according to a new forecast from respected industry consultant J.D. Power and Associates.
That could create further problems for the struggling U.S. automakers, even if they get the federal loans now being considered by Congress.
Tom Libby, senior director of industry analysis for J.D. Power & Associates, said his firm is now forecasting a seasonally adjusted annual sales rate of about 10.5 million vehicles for December and between 10.9 million and 11 million in the first quarter of next year.
"Our position is there is no reason to believe that the first quarter of 2009 will be any better than the fourth quarter of 2008," said Libby.
TRYING TO REINFLATE OR KEEP AFLOAT WHAT MUST DIE
WASHINGTON, D.C. -- More than half of delinquent homeowners whose mortgages were modified earlier this year ended up redefaulting within six months, a top bank regulator said Monday.
Some 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified in the second quarter could not keep up with payments within six months, according to U.S. Comptroller John Dugan, who spoke at a housing conference.
ITS HOW ITS DONE
Tribune Co. files for bankruptcy
Chicago-based media conglomerate says it will stay in business throughout its debt restructuring.
Dow Chemical to cut 5,000 jobs -
ITS HOW THEY DEAL WITH RECESSION

ITS WHATS HAPPENING TO PROFITS

UPDATE: Ill. Tool Cuts 4Q EPS As Clients Shut-In Production -

Deleveraging is going on among corporations and individuals as well, leading to less buying power for both. That leaves less money available for homes, cars, televisions and travel, further leading to the sort of buyers strike characteristic of long periods of slow or stagnant economic growth.

WHY THE GOV WILL SPEND A TRILLION $$$ ON ROAD TAR

Turning Japanese "You can stick money into every orifice of the big banks -- their mouth, their nose, their ears, wherever -- but if they can't make loans because they have to reserve against future losses, and if they won't make loans because there's a recession, it won't do any good," Ferguson says. "If they can't lend, there's no money multiplier -- they're stuck, they're zombies. It's Japan all over again."


WE WILL have some amazing rallies, maybe even now one has started off 8100 lows, but likely this bear will growl and prowl until Dow 6,000 is seen.....the mess created that big, that bad...and what has been inflated left most nothing left.

Money could certainly POUR OUT OF BONDS into other THINGS, but snt that trade a HUGE SWARM WITH NARROW OPENING? how will they all get out....some will take even more HUGE losses.

VIX has support near here 55.....if broken VIX might even back off to 40 even 30.....huge rally....VIX is still elevated saying be careful.....IMHO

The market may not agree with my opinion.......if fear begins to leave so may the train....for awhile...HOPE IS A WONDERFUL POWERFUL THING.....OH FEDEX WARNED

D