RE: bear market"Assuming this recession is of average length, it should be over by the fall of 2008, but the stock market may very well reach its ultimate bottom this spring." pasted by AJ
I read that some pundits who formerly believed that the economy and financial markets would turn around by 2008-end now believe that this turn around may not take place until well into 2009.
On the other hand.
In one version of the coupling hypothesis, the US slowdown is offset by global economic inertia and the US comes out of the slump faster than expected, once again thanks to global economic inertia driven by rapidly growing emerging economies.
Be nice to see the price of oil back off which probably means the US has to reduce the belligerent rhetoric targeted at Iran. There is much risk and pure uncertainty going forward.