John Roque: Give This Rally the Benefit of the Doubt

Not with my money buddy!!!!!!!!!!!! check the graph at findthelawyer.com and I will say it again, this is no normal market conditions we're in. So go ahead and call it what you wnat, but the max this leg up is 930, and if it goes that high, it will test the lows again and break it. This is what I think it is and I will stand by it.

I can not believe FASB Changed the rules! As an accountant, it is an insult to all of us. Those people should just erase "CPA" off their title.

yes 3 months low will come

Wow, idiot blodget actually has someone positive on, but not until the market has rallied 25%.

Most bull rallies start 6-9 months before the recession is over. People who are waiting the the recession to end to put their money in will miss the boat. Those are the same stupid people who sell at the bottom and buy at the top. Good luck with that strategy. How has it been working so far?

Wow, idiot blodget actually has someone positive on, but not until the market has rallied 25%.

"It is necessary for every American, with becoming energy to endeavor to stop the dissemination of principles evidently destructive of the cause for which they have bled. It must be the combined virtue of the rulers and of the people to do this, and to rescue and save their civil and religious rights from the outstretched arm of tyranny, which may appear under any mode or form of government." --Mercy Warren, History of the Rise, Progress, and Termination of the American Revolution, 1805 www.constitutionparty.com

I agree with soulwarrior. There's still alot of short sellers out there, but I think there's an outside chance the market could start picking up some steam!

March and October are pivotal months. The big crashes ('29, '87, '08) usually occur in October while March often marks long-term bottoms...though the reverse can also happen. For example, March 2000 was an all-time high for the S&P 500 while October 2002 was a 5-year low. That was 19 months between the peak and valley. Then we had a final retest (but no new low) that set off a 5-year rally in March 2003. October 2007 marked a new all-time high. And what happened 19 months later? An 11-year low and huge reversal month in March 2009. Pay attention to these cycles...they are MUCH more important than 99% of the garbage you read in these articles and comments.

I'm a CPA and I'm glad FASB change that rule.

Well that's better, some balance. That's all I ask.

Remember Obama is president and the Democrats have control of congress. The economy will see very little growth this year followed by inflation. Unless someone figures out how to stop this wasteful spending. I believe the market will go up put be cautious prepare for the tough times ahead.

After the current bear market rally which is mainly because of the oversold nature of the market, we'll likely continue the current trend which is down. By the summer the recent lows will probably be taken out to possibly 6000 on the DOW, creating a nice double bottom and a solid base from which to start moving higher again reversing the trend. Forget all the media hype about whether this is the start of a new bull run, as this is unlikely. The lows need retested and a period of confidence building in the world economy before the trend reverses to a new bull market run. DT

I think it was a great idea for FASB to change the rules! How else can we take something worth $10 and value it at $20 without anything changing? Next step...print more money with no inflationary consequences!

Just like a terminally ill patient, the market will improve a little before before it crashes. Credit card defaults are at its highest ever. Unemployment rising. For the sake of the majority I sincerely wish the bull market is here to stay, but unfortunately do not think this is the case. My prediction is Dow back to low 6,000's if not by high 5,000's by the end of this year. But please feel free to disagree.

WOW - Arron actually is letting someone with a semi-positive outlook on his show now that we've had the best month on record in over 50 years! Way to go Arron. Is this your attempt at being a balanced reporter - you still have a long way to go. BTW - you look like you are bored letting this guy talk - not as excited as telling everyone the world is coming to an end is it!!

The key to recovery is boosting global demand means" jobs", and jobs are our first priority! The majority of people are forcused less on the past and much on the future...Just Keeping Economics Real.

FASB changed the accounting rules in November of 2007. Since that day, the market has fallen about 40%. Mark-to-market has earned a well deserved rest... before it swallows up the world. Of course, we could just keep feeding it bailout money.

I see this market as bear/bull. Centaur? heh Anyway, bear one week, bull the next. Learn to be versatile! It's fun! And sell calls when you're freaked out. Worst case scenario, you get your stock back because the market bottoms and you can sell it again later. Although if the market improves much more, I'll lose (the option) on Microsoft. Not to worry. I always sell the calls at a higher price than my initial investment anyway. It's not as easy as just riding on the 4.5% the Money Market used to offer, but when the MM dropped to under 1%, I threw it all back into equities short and long. Dividends rule, btw. So far... gyroscope level, coasting at medium altitude, smooth air, no turbulence, approaching runway by mid-summer.

NO JOBS, NO MARKET RECOVERY, WHO CARES ABOUT THE TECHNICALS