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02-13-2009, 10:24 AM
The Dow is below 8000, energy prices have more or less bottomed, real estate cannot fall much further. Retail sales in January were higher than expected (I expected they would be, due to bargain sales), and unemployment figures were not as bad as expected. Things are bad, but not as bad as some people thought they would be.
The world's banks have to get themselves settled and find out where they stand. Once they do, the economy should begin to recover. Unfortunately, I think 2009 will not be the year that this turnaround happens. I'll start putting my money in the markets again next year.
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