Zulauf - Major Rally - Than 50% sell off

I believe we have jsut started a pretty major rally. I fall in line with some of Zulauf comments from early last week.

http://online.barrons.com/article/SB123638344892658021.html

Echoing the forecast he made at this year's Barron's Roundtable ("Rocky Road," Jan. 19), Felix, the founder of Zulauf Asset Management in Zug, Switzerland, still believes the S&P 500 will bottom in 2011 in the 400s, down from last week's 680 and a 2007 high of 1,565. But, first, he asserts, stocks are poised for a bear-market bounce from a low this month. It could last two to four months, and boost the S&P 25% to 40%, to roughly 900. (The corresponding level of the Dow industrials would be about 8,750.)

and

By his calculation, "the private sector has to get rid of $8 trillion of debt."