With all the bad news and signs in the market, the DOW has actually gone up. Are we at the very same point as last year and ready for a rally?

Another crappy day in the market as General Electric stoked concern about the health of corporate profits and the wider economy. The major indexes were at times down more than 1 percent.

Sorry it took so long to post this article. Surprised no one else has.

The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.

Felix Salmon thinks says that the "financial sophisticates know that the Dow Jones Industrial Average is a bit of a joke: it's only 30 stocks, and it's not even an index."

This was a great article and a great read, so I am not going to mess with the writing. Here is a brief segment of the article.

"We’re already roughly back to 2006. We could easily see this get back to 2002 levels before the dust settles. The possibility of the Dow at 8,000 is certainly not out of the question." — Adam Lass

Alan Brochstein of AnalystForHire has been preaching that this is not the time to "be reaching for yield." He wrote articles in November, July and

Excerpt from the Hussman Funds' Weekly Market Comment (2/19/08):

The Dow Jones Industrial Average is on another spiral downwards, testing 12,500.

Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.