The Bottom Of The Market Part 49

File this article in the recession's demise is in sight and the recession's demise is almost in sight camp.

This is opposed to the recession isn't even close to ending camp.

What we do notice is that the volume of optimistic articles and optimistic quotes from financiers seems to be holding and slightly increasing. This sort of article is more common in the past week especially since the announcement of the Geithner's PPIF plan when the DOW jumped around 500 points.

Presently the DOW is at 7716 while the S&P is at 815.

McClatchy: Is the worst over? Some economists see glimmer of hope

Dunigan points to recent better-than-expected data on retail sales, which bumped up in January and held in February, as well as an unexpected February increase in sales of existing homes.

..."It seems that economic activity fell so sharply from September through January . . . that some key economic indicators may be starting to bounce off their bottoms for this cycle."

I think, frankly, we may have found a bottom for the stock market, although I think we don't go straight up from here..."

"If you squint your eyes and look at the charts, we may have found a bottom there."