Veteran Strategists Saut and Shobin Agree: This Bear Market Rally Has Legs

anna c you're taking stock tips from the messiah? you need to slow down on the Kool-Aid, dear. i'm a buyer....Apple, Wells Fargo, and several energy stocks that are just dirt cheap right now...trust me - our love for cool gadgets, the need for solid banks, and our dependency on oil isn't going away - so there is a TON of money to be made over the next several years!!

Think about it folks. The stock market likes the fact that businesses are laying off people by the droves. Employees are expensive. Investors hate expense. There is no logic to the markets these day. They are being manipulated by our own tax money to keep us from realizing just how bad of shape our country is in. For some reason, if the stock market goes up, people believe that all is well. Even if other, everyday observations scream at then that things are getting worse. What do you all think would have happened if the government wasn't bombarding us daily with the latest and greatest PR to help us believe they are going to fix everything? I see many intelligent people posting out here. Please take some time to look outside of the market world and the headlines around the meltdown. There are other things going on that will give you more information and reasons for concern. And I am not just talking about concern for the level of the markets. Start by looking into the loss of technical superiority and our new dependence on other countries to get into space (we have none once the space shuttle is mothballed. That is supposed to happen next year. Americans need to ask ourselves how many critical industries have left our country, why is our education system producing non-competitors and most of all how much trust they have in the government, industries and even their fellow Americans to develop strategies that empower America. If all were really making such commonsense strategies, America would not be in the position it is. The problems are systemic and the solutions will necessarily begin with 'We the People.' Don't focus too much on the markets for your well being. It has no basis in reality.

Do your research. There is always a complete disconnect between the stock market and the econmy. The stock market is the first to fall and the first to recover, long before actual changes are reflected anywhere in the economy. Our econmy is still in a slump and we haven't seen the worst of it, there will still be more to come. But at many have pointed out stocks are at all time historical lows and investors should cautiously consider when to re-enter the market. The floor might not be reached as yet, but there are many good opportunites right now and if you are investing for the long term, which you should, these prices points are incredible. Remeber in the end despite its ups and downs the stock market has always outpaced inflation when you invest in it for the long-term.

davewx,.......can you tell me what industry pulled us out of the last recessions your refering to? Then please explain how that's possible this time with the banks still taking huge hits to their balance sheets?

WHERE CAN I GET ME SOME DUDS LIKE THAT GUY? HERE IS THE INSANITY TO ALL OF THIS: SOME GUY DRESSED LIKE A YOKEL IS GIVING STOCK MARKET ADVICE AND YOU PEOPLE ARE EATING IT ALL UP? IN THE NEXT 30 MINUTES WE ARE GOING TO HEAR FROM AT LEAST 5 PEOPLE TELLING US WHERE THEY BELIEVE THE BOTTOM WILL BE. THEN WE WILL HEAR FROM A BUNCH OF OTHERS TELLING PEOPLE THAT THEIR INDICATORS SAY THIS. NONE OF YOU PEOPLE HAVE BEEN RIGHT YET. I WOULD RATHER LISTEN TO JOHNNY IKE AND HIS ADVICE BEFORE ANY OF YOU PEOPLE. JUST ADMIT IT, YOU'RE GUESSING LIKE EVERY ONE ELSE.

Davcap4 That is right the rich don't consume that much more, cable electric phone all same rates as you, they have large stashes of cash that sit to earn money not being spent. Bottom line even with higher costs the cost of living eating etc is less for the rich then the working stiffs.

Stock markets, like all humans and human artifacts are, will, and always have been imperfect. We know that, we expect that. However, there is a difference between imperfection and deceipt or fraud. Analysts and commentators (already too many of them) who play into this type of markets, like the one we have today, are either crooks or clowns. And, for the first time in a long time, the government (which is supposed to provide some corrective measures to the markets) is now part of this.

Bull or bearish ... the stock market is not a reliable indicator of the true economy, but rather a highly manipulated market where you can make or lose easy money... nothing more. The average citizen has been pulled into this scheme through employeer 401k accounts and have no idea how the system works. In fact, many employers put money into these accounts while many employees don't contribute a dime. Just look at the retail industry. All that matters in life to most is the essentials... Notice the inflationary trends in essentials versus non (especially at Walmart). If you cant make money on the junk, raise cost of food. Deflationary trends in non essentials is just the result of businesses acquiring dollars as quick as possible and thus shrinking assets. Everyone wants dollars when, in fact, we will be facing more serious inflationary trends shortly on all items due to the bailouts and economic situation - hence the dollar bubble. Thus, a sustained bull market in near future would just be another inflated bubble and highly unlikely due to all the bubbles bursting now. A simpleton answer to a simpleton question.

I rearranged my retirement saving in Aug of 07. Got rid of stupid bonds and bought China and emerging markets. Last week finally couldnt take the losses anymore since the savings is now below what it was in 04' and thats after pumping $400 in every two weeks for 5 years. So I sold last week. If I buy you need to sell and if I sell you need to buy. This most likely is a rally. I've got the market timing just got it backwards.

Where were these guys a year and a half ago? Did they say anything about the excesses of the housing/credit market? And why would I listen to a "teenager" like Raymond James? Oh yeah, he has the experience to tell me what to do with my money! In my next life, I want to come back as a financial analyst or weather fairy. You can say anything and keep your job!

When I want financial market forecasts from a dumb cowboy and a tramp, I'll know where to go. In the meantime, I'll use quantitative analysis of last quarter reports which show the direct opposite of what these jokers are talking about.

Bottom line with me it is to late to recoup my losses. Since I have nothing left I'm gonna sit back and enjoy whats left of my life. BW

Government policy errors to date have created an economic situation in which a major global depression is already unavoidable. Buying stocks at the beginning, and this is only the beginning, of any major depression is an absurd strategy, the odd bear market rally notwithstanding. Short term interest rates are effectively zero-bound with literally nowhere to go but up and major corporate bankruptcies will be an almost daily occurrence throughout the coming year. Buy stocks when the government bond market collapses, the dollar falls, the fed's market takeover bid fails, and the sitting government is dissolved.

I hope the dow crashes so I can buy more. The people who didn't invest long term at dow 7900 - what are you waitng for dow 10000.

Selling short, cash and liquid securities(Treasuries)is a way to save your ass .Check out SDS (Not THAT one) Since Oct.I dont have the sophistication to play the shorts directlty,but SDS is an ETF, they do the investing for you.Maybe follow some stocks, individually up, and maybe buy an elephant like JOE, that went through 29 and all tne rest of them, and will still be around in 100 years, but watch em.Look for the good old "cup and handle" going up, the 50 day moving average going down.Flame

These guys are crazy, 7200 is on the horizon,watch out

Wonder when the Churches will start filing bankrupt

It seems like theres a real disconnect between the average person's impression of the overall economy and the Wall Street vision of it. Doesn't it seem a bit arrogant to assume that its all 'priced in'?

Police, go arrest the criminals.

STILL NEED TWO MORE PEOPLE TO PREDICT THEIR BOTTOMS YET... 5 MINUTES EVERYONE... 5 MINUTES....