http://finance.yahoo.com/banking-budgeting/article/113250/stocks-pricing-new-recession-marketwatch
The article claims the stock market could start to rise again later this year, as it did in March 2009...
The bottom in March 2009 was directly related to FASB relenting on Mark-to-Market accounting rules, which allowed the banks to stop writing down assets and approaching artificial insolvency.
What is happening now is anything but artificial. The only way to stop it is to remove the current policy makers (read - executive branch) because it is regulatory policy that is scaring businesses and discouraging investment and job creation. Based on the recent "women's health care" mandates they are clearly completely out of touch with reality.
Maybe the markets will discount a new administration early next year when it is clear there is a CHANGE coming in the right direction (I hope). Then confidence would be restored and the market could rise from the ash heap again.
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