I posted this on the main FM site yesterday:
The Credit Crunch is Over

Kind of contentious, I know, but I think we've now entered a recovery stage.

Funnily enough, after posting that, stock markets and banking stocks especially began a strong rally.

Slow recovery now in progress?

scary time now, isn't it.
Ftse 100 raised from 5170 to 5300+ and cool down a little at the end.
Let's see how the oil Market ends in NY today

Edited: 22:00
Looking good, Oil is suffering another drop.
I hope FTSE100 is going 3350 tomorrow

i think the layperson still feels the credit crunch, we are a nation of borrowers and until borrowing eases ( either with lower rates / less underwriting) most of us feel the credit crunch is still here -

less mortgages, lower home loan approvals, credit card rates increasing, more personal loan declines - ask me again in 6 months as thinkwe need 2 years before we are out of it but feel we are at the bottom of the curve

Indeed - I think the effects will continue to play out, but I think the causes are already in decline.

Also, as in the original post, I said financial stocks had reached their lowest. So far I've been right.