Jon Markman's market outlook seems quite the opposite of someone like Harry Dent. We've experienced a tremendous rally after a staggering downdraft this past year. It seems many people equate a higher stock market with a healthy economy. Very interesting commentary by Vitally regarding China. It will be interesting to see how this plays out.

Regarding "Cash for Clunkers" that you have talked about before. We likely won't hear much about it, but I think this will end up being a net loss program. If 800,000 cars or so were sold and you said many were done with 72 month loans it's quite possible several could default.

Also, under normal circumstances a person sells or trades in their used car and buys a newer one, making 2 cars on the road, but the clunker program eliminated cars that were still decent running cars and killed any future buying of that used car. CNBC was touting this as such a great thing for America so there's another reason tom be suspicious.