What will this be?

Not saying anything about anything, but there is a tremendous amount of positive outlook leaking out – even made the evening news – time to be aggressive? I read on Friday that a surge was coming. Then this week the reports of this nature are numerous.

Tech - NASDAQ (say what?) seems to be leading. S&P is being dragged down by the poor financials. I read a number of these outlooks, and everyone is being very cautious, but the demand pressure seems to be gaining and coming to the fore. Interestingly the true technicals of this market are actually proving out – so far (Nasdaq 100 QQQQ Outlook Feb 5, 2009 ) and ( February 5 2009 Stock Market Recap) and (Utilities Show Relative Market Strength ) and (Monster Move coming) and (De Nile is not just a river in Egypt) and (Demand Shock) and (Albert Edwards allegedly spots “green shoots”) and (Glimmers of Hope) and (Signs of Healing).

On the tangible side there also seems to be some evidence that the turnaround in China might be quicker than many have been expecting – primarily a function of trade finance – and not supply or demand issues (Hooray! China has bottomed out). As inventories are cleaned up, production will start moving forward again. Of course there are contrary opinions as well (CFR) and (More to worry about … the US downturn looks to be getting worse when it should be getting better).