monday's prediction, page-26

Yes. Marc Faber turned bullish around a week or so ago saying the market is oversold except for financials. He advised all his followers to stop shorting the market due to a large imminent rally.

I heard an interesting audio the other day (it sounded like Peter Schiff's brother) explaining why the US would neither fully nationalise the banks nor let them go bankrupt. The gist of it was that US effectively had around $5 trillion debt and if they nationalised the banks, their $1.5 trillion debt would be registered against the govt resulting in ratings downgrades etc. They wouldn't let them go bankrupt either due to financial meltdown of other companies, so they will continue throwing billions of dollars at them for the foreseeable future.