More bottom callers

Bill Miller of Legg Mason fame is calling the bottom is in. This is the same fund manager who owns a whack of financials. Probably bot more in the last few days. On the other side-Dupont comes out today and says the economy stinks and will remain that way well into 2009. Dupont is in autos, construction and manufacturing . Freeport McMoran said the same thing yesterday. I knowinvestors have to look across the valley, unfortunately that valley is wide
The bottom will be in when Bill Miller and the rest of the long funds either lose their jobs, or they go bearish on the mkt. On top of that-Bill Miller suggests the US Federal Government should buy stocks to help the US consumer-or help out Wall Street and the Den of Thieves. Having the US Gov't (or PPT) buy equities is a plan fraught with disaster-but they are already doing it under the table. Bill Miller and his frat pack are so disconnected from Main Street that it is laughable.

As a prediction for tomorrows employment report-expectations are for 350-400k-I suspect the report will show that, BUT there will be a revision in January to a much larger job loss. The central planners are out in full force.