I don't think we're in bad shape. I think we're in a recession. I think we're in very good shape to weather this recession and make it a short, shallow one.
A number of people were looking for the good news that occurred, ... When the dust settles, people also say, history argues for the market going up. So people who may have been inclined to sell just don't.
The bad guys lost, the good guys won.
The earnings numbers continue to be really lousy, ... When you have this kind of carnage, fear replaces greed, but the good news is that this too shall pass.
The market is smelling a positive surprise that Congress is going to do something good for the economy, ... What we're looking at is a growing conviction that the worst is behind us.