Conflicting Views On Bear Rally And Whether We Have Hit The Bottom

First, we should not be blinded about making predictions on the market bottom. Those may be dangerous and may take our focus away from the real economy. Here are Vanzo's ten reasons that we have not yet hit the market bottom.

1) People are searching for the bottom
2) Liquidity still hasn’t returned
3) This is a real recession
4) People think they can’t win anymore
5) Valuations still need to be cut and revised
6) Technicals don’t work
7) America may not be invincible
8) People hate each other
9) We are in a downward spiral
10) Everything is 10 times worse than you think

On the other hand one of the readers commenting to the story presents his or her view of ten reasons why we have hit bottom.

1. Bearish posts on Seeking Alpha are coming thick and fast.
2. Everyone is saying "buy and hold is dead."
3. The press is full of "sky is falling" stories .
4. The Fed is swamping the market with liquidity yet no one is saying "you can't fight the Fed" anymore.
5. Most investors have given up hope.
6. House building has ground to a near-halt.
7. Oil prices are moving up again.
8. Australian coal contracts settled much higher than analysts expected.
9. The US dollar is finally weakening and will fall further as the fear driven "flight to safety" reverses. Cheaper dollar will improve US exports.
10. Everyone is in cash, and the market quite often moves in a direction to hurt the most people.

What is your take? Have we hit the market bottom or not yet?