The market keeps going up, the shorts keep getting squeezed, and more people are turning bullish in their assumptions about the future of the market. But... does that mean people really believe in this bull market rally? The cover story in this week's Barron's surveys a number of professional money managers to get their outlook on the market through 2009.

While 60% of these money managers characterize themselves as bullish about the market through the end of 2009, they are not as strong in their convictions as you might think. For example, according to Barron's, just 56% of respondents think that the current market is undervalued.

For members of the TradeKing Trader Network: How convinced are you that this bull market is here to stay?

[image: Barron's cover: Is This Bull Run for Real?]

I see it more as a floor has been set, but that doesn't mean the market will continue to go up either. We could just as easily wander back and forth around the current levels for the next 9 months. Still leaves plenty of opportunity to snag profits on the ups and downs, though I would be hesitant to call it a bull market.

It appears to be more of a correction for good stocks that were overly pummelled on the downside.

Considering the actual source of the bubble that put the DOW up to 14,000 - overvalued/over-rated assets and extreme leveredge, I'm actually surprised to see what almost appears to be the DOW stabilizing at 8,000.

I agree. This is still a traders market, I think. Not a lot of stability in some sectors and lots of folks still antsie about what the Oman is going to do with the banks. So long as there is indecision in the WH, there will be indecision in the markets. Still, 8000 is a level we are at now. Next month we may be at 7500 again. I have no faith in this bull.

I concur.  Still very much a traders market and a great time for young investors to dive in.  Although, I really think it is important to stick to the basics and think long term.  My father always said, "Survival is all about knowing the basics".