MSN MONEY "Stay Scepical"

Is market turning? Stay skeptical

More sentiment.

But we've been here before. After the low of Nov. 20, 2008, the S&P 500 climbed an almost identical 24%, then tumbled 27% to set a new low for the bear market that began in October 2007.

Bear market bottoms, I fear, ain't what they used to be. We're all so acutely focused on catching one that we've likely changed the bottom beyond all recognition.

Calling a market bottom has always been hard. Bear markets are notorious for their head fakes and failed rallies. In fact, it's by repeatedly sucking in investors with these glimmers of hope, then crushing them with 20% plunges, that bear markets inflict much of their damage.

And that means the normal bear market anxiety about missing the turn gets ratcheted up another level.

Clouds haven't dissipated Put the recent 52% rally in bank stocks from March 9 through April 6 in this context and it should give any investor pause. Everyone knows that banks aren't out of the woods, that some big names still need to raise huge amounts of capital, that the tide of bad consumer and commercial loans is still rising -- and yet money has piled into the sector to:

That story is great... Tons of great "Fundamental reasons to stay away from stocks"