Time to Get Bullish Again

The new young bull is finally here! Yes, the signal is on-when Dow lost 170 points in the early session and closed 164 points up at 11,433.71 on September 11,2008 despite concerns over Lehman and economic slowdown. That's a 330 points turn. 

Also, S&P500 dipped slightly lower than the July's low only to edge higher, paring losses. The final test of the July's low has already been done and we should see a double bottom from here.

For the week, the Dow gained 200 pts or 1.8%, snapping a 4 week losing streaking from the bears. Lehman, WaMu, AIG, retail sales all pointed lower but not enough to kill the bull.

Is this a sign that the worst is over (for the market, at least)? Inflation is down already and bailout of F&F, the last part of the problem should be the financials. If we can get a good solution to the financials, including a rescue for Lehman, then we should be off to a new start. 

Becareful, it won't be smooth sailing.

http://www.cnbc.com/id/15840232?video=852316958&play=1