My opinion is its not over. The injections from the Fed and even a full blown rate cut will only be a band-aid. I think this will be just a dead cat bounce. I live in SoCal and can tell you that the economy has been pretty bad here for all of 2007 with housing melting down. Major employers like New Century either going out of business or laying people off hundreds or thousands at a time. People who bought half-million dollar condos are seeing them drip back down to 1999 prices. So much money and hope seemingly lost. How many of you still think you can trade for a living?