It's the worst I've ever seen," Dave Rovelli, head of US equity trading for Boston-based Canaccord Adams, said of the uncertainty in the current market climate. "If you were to say that we'd have Lehman, Fannie Mae and Merrill, AIG, everything that happened in the last week and we still haven't retested the lows of July 15, the lows we set back in (the collapse of) Bear Stearns, I would say you're crazy. I would think the Dow would be back at 10,000. I think it's unbelievable."
"Everybody seems to be breathing a great sigh of relief," Dennis Gartman, founder of the Gartman Letter, said on CNBC. "Are we out of the woods? Far from it."
(This crisis is over. There will be more negative developments, but they will be meaningless. I'm convinced that all the signs that you would want to see are there. And this is over. Period)
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