Totally agree and made the same point above. However, some sentiment indicators showed an increase in bearishness last week

http://www.marketwatch.com/story/sentiment-picture-surprisingly-brightens-2009-08-21

But after this weeks big move, i’d wager there’s a shift back to more bullishness. Either way, i’m not reading too much into the next two weeks and more honest action should be on display post labor day.

How many people live and therefore are covered in Canada? About as many as two of our states, that’s how many.
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What’s your point? That your country is too populous to nationalize? Baloney.

Our system works by province anyway. If you went state by state it would be the equivalent.

If you keep the system as it is, most of your people are going to end up in the public system anyway as the population gets older, drops out of the workforce and as companies cut down on health care benefits to cut costs. So either you become a giant Calcutta or you nationalize.

good point

It’s not so much the printing presses, but the implied backstop of the government that has eased the panic…not the bad debts mind you…those are still there. But there will be no free lunch. Other things will now break, because you just cannot solve a mountain of debt by propping it up and making more debt. We are on borrowed time. The most amazing thing to me is how the general public and MSM so believe the crisis is fixed. Stocks only rise now if the dollar falls…how’s that gonna work out?

Deciding to sell is harder than deciding to buy.

I think the rally still has room to go, even for some financials.

Take Allianz for example. The stock is up 50% for March lows, but its P/E is 5%.