It's not over yet, AIG has just gotten an extra 40 Billion less than 2 weeks after getting a 85 B lifeline. The US is seeking to inject direct capital into banks and thus dilute the existing shareholder equity even further. I know we might have a dead-cat bounce rally today, 'm still staying out of equities. IBM has done well but tech is a lagging indicator, IT spending has not been affected YET, it will. Be Careful out-there. We might see the end of the credit crunch, but a full recession is not yet priced in.