Christmas is coming and merry christmas in advance! However, although I see most indexes recovering from their lows in recent weeks, the big question would be whether the momentum can be sustained? However, in light of the festive period, I'm afraid to say that investors would probably be selling of their stocks in get cash for presents.
Note that other than Christmas, there is still New Year and Chinese New Year to contend with. Hence, I believe that attentions would turn to elsewhere rather than on the stock market. Market volume would likely be weak until at least after February 2009.
I believe that probably after Feb 2009 then we would see signs of retail investors coming back slowly and this would stabilise the market.
