Nasdaq over 2000; S&P over 1000

[Skyhi]

I wonder if this is a real recovery in the markets, or are the stock prices artificially inflated by grossly inflated dollars.

[fallout2600]

Its all inflated....

Think of it this way, recovery won't come until home prices correct themselves....until then more pain.

The bailouts have the potential to make this last a long time b/c people are going to balk at higher taxes and higher interest rates which is going to force the FED to monetize the debt. OUCH. The largest debt we have even had....

[froggigger]

You will likely see some economic indicators strengthening, all due to the massive money pumping, and all inflated, as Fallout said. It takes wealth generation to grow the economy and that ain't close to happening on a scale necessary for solid growth.

[Bear Paws]

Ditto and Ditto.
I tipped my toe ( small toe) back in the market but I'm getting antsy . I feel like someone has their hand on the lever to drop the bottom out. I never been a "timer"
The next shoe, Commercial Real Estate, is about to drop. Hardest will be commercial properties in New York City, but other cities including Detroit, Phoenix, Dallas, Las Vegas, Chicago, Boston and Los Angeles are also going into the crapper.. Particularly hard hit are retail properties and hotels..Then the only way we will meet our obligations is to print more money.

[HD MM]

Its all inflated....

Think of it this way, recovery won't come until home prices correct themselves....until then more pain.

The bailouts have the potential to make this last a long time b/c people are going to balk at higher taxes and higher interest rates which is going to force the FED to monetize the debt. OUCH. The largest debt we have even had....

Well, in our area (Cleveland, OH), which has been hit pretty hard with the whole recession, has seen home prices rise in the last two months for the first time in 2 years.

[msmith198025]

Its all inflated....

Think of it this way, recovery won't come until home prices correct themselves....until then more pain.

The bailouts have the potential to make this last a long time b/c people are going to balk at higher taxes and higher interest rates which is going to force the FED to monetize the debt. OUCH. The largest debt we have even had....


I could not agree more.
You may see some variations in some markets, IMO however, this is a temporary "blip" if you will. We are tied to the housing market in what we do, and I have not seen the upswing on our side at all so far.