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Your stock market nightmare isn't over: 7 reasons the market is not going up any time soon

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"It aint' over 'til it's over." And that ain't now.

I have used this expression all too often in the past few months -- a reaction to the oversupply of market optimists who have abandoned reason and what they learned in third-grade math.

The way I see it, the economy is in worse shape than people think, earnings will be worse than expected, and the stock market is not heading up any time soon.

Here are seven reasons why you'd be a fool to think differently (click on each item for a more complete analysis):

1. The housing crisis isn't over.

2. The next mortgage tsunami.

3. Credit markets remain frozen.

4. The banks are falling apart.

5. The consumer has stopped spending.

6. IT spending is flat and falling.

7. The government is grasping at air.

Any one of these points should be enough to make investors cautious, but taken together they add up to some very bad news for markets across the globe.

Michael Shulman is a contributor to OptionsZone.com.

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 04:37 AM

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