Everyone is saying the S and P hasn't broken support levels yet. Does anyone else remember several companies being added to the S and P replacing financials? The valuations for the SPX are totally different now anyway. I just wish people would accept the fact that we are in a recession so that the system can clean itself out. Housing and stock prices must reach levels where MOST people feel like they are a great deal. Once that happens, I think the market has a great chance at a decent rally Q2 and Q3 as all the government squander money is infused and wasted....err...I mean spent...on a rail from Disney Land to Las Vegas.
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