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Well, if now is the time to buy, as one insider tells me, some folks seem to be stepping up to the plate. They are offshore players, however.

This same insider tells me that 2009 will end with a fizzle; sales volume will log in 25% lower than any time since 1984.

Equity, risk and target assets. That's what we need to bring the market back. A doubling of activity seems a bit optimistic from where I sit. But any activity will be good for the market. Here's to activity--any activity--in 2010! Merry Christmas and happy new year, all.

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