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The culprits are beginning to pay the price for their risky investments.  Thats bullish to me.  There are many bullish signs.  That doesn't mean there's a bottom yet though.  Just means the set-up for a great recovery is taking shape.  I would just ask, what kind of bottom is camistocks calling for?  A short term bull bottom in a bear environment or a DJIA bottom -  period? There is a difference.  The small bull ralley's (sucker ralleys if you will) have been going on as they always do. 

There are several things in the NBER that conflict and make no sense.  But then, nothing makes sense right now anyway.

 Nevertheless, BEAR STERNS lied their eyeballs out just the other day.  This kinda of thing is just what they deserve for the lack of transparency.  Good riddance!

Go J.P. Morgan!

 Wish I could recommend this twice, a lot of good info on this blog.



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