Well that's it folks. This leg of the bear is over. Double bottom and we should now be seeing a recovery rally for a few weeks or months.

Thank god, cause I was really starting to freak out.

Oh, and while you're all probably used to my sarcasm and think I'm just joking... I'm not. This is how Frank called it. Bad news today was shaken off, which is always a sign of a bottom.

Housing starts come out tomorrow and may bring markets down a little but I think that's probably not going to be a major event. Last week they even surprised to the upside so maybe they will again.

Hopefully gold stocks will enjoy the rally.