Sonia

It's a Winter Warming Spell - But More Snow Ahead for Markets

Good analysis. Also, consider the impact of "Mark to Market" on non-financial companies suffering a reduction in disposable earnings because they have to divert income to bolster pension plans shrunken in nominal value by the falling DOW and S&P. If the market rallies and/or "Mark to Market" is modified (or declared politically incorrect,) the nominal value of pension funds goes up and companies won't have this forced diversion of income. There are so many factors in the equation it's hard for investors to know what to do. If stocks are the frying pan, bonds may be the fire.