Admit It: You're Worried You Missed The Bottom

(Clusterstock.com) Two weeks ago, everyone agreed: It was a second Great Depression, and the DOW was going to 5,000. Only a fool would step in and buy the S&P 500 at 750, everyone said, because it was obviously going to 600. The economy was headed to hell in a handbasket, Q4 earnings were going to be horrendous, and there was nothing that could be done to stop any of it.

But now, of course, with the S&P 500 up 20% from its low, things look a bit different. Specifically, it looks as though the market might already be looking past ghastly Q4 earnings and hideous unemployment and discounting the eventual recovery. Suddenly, the chatter on CNBC has gotten more positive, and it doesn't seem quite so clear that the DOW is going to 5,000 and the S&P 500 to 600. In fact, it looks as though you might have missed the bottom.

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