Thanks for the links, the graph in the contrahour was what I was looking for.
So with that in mind are people on this site expecting a continued recover in DOW/S&P for the next few months then, good time to buy some SPX Calls?
I'm unsure because in all honesty given the amount of damage done to the banking industry, the crashing house prices, etc, the DOW and S&P sell off seems underdone, I don't really consider a <20% drop as pricing in a recession and seriously damaged consumer.
I'd be very interest to hear how others feel the next few months are going to play out in terms of US sentiment, DOW/S&P, US housing, UK Housing and of course Gold.