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For the first time since the first dot-com boom, I've been glued to Yahoo Finance. Only this time, instead of watching TFSM, DCLK and CMGI rise and fall with each new press release, I'm watching the Dow and a wide variety of companies that until recently were considered safe long-term investments.

Among friends and colleagues, the betting is running about 50/50 with respect to whether the counter-rally early in the week was the beginning of a recovery or the dreaded "dead cat bounce." Based on what I've seen this morning, my money's on the dead cat.

Read the full story in iMedia Connection