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That mindset is widespread, although some advisers are taking short-term positions in the market to capitalize on what they see as a fast bounce. This occurs even in extremely lean years like 2001, when the market cratered after the Sept. eleven attacks but rebounded 10 % from Nov. 1 to the tip of the yr. "It's very, very clear that in want of breaking that backside it's going to be choppy and we will be testing and testing," says Quincy Krosby, chief investment strategist at The Hartford. "You've obtained to see some type of sturdy rally, even when it's a rally that dissipates, but we're not seeing that. It's as if the market needs to go and break that support, and maybe it must." Market pros have been searching for a bottom ever because the implosion of Bear Stearns last February.
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