Bear in mind that, even if bailout works, trouble in banks over the last months must have done some damage to the economy (because of lack of money). I believe at least one quarter of recession is due, maybe more. Plus, the bailout money still needs to work its way to all the businesses that need it, and during that time more dismal forecasts will be published, and some companies will without a doubt post bad financial reports for the 3rd quarter. All in all, more shocks and downturns will occur in the stock market, before prices finally stabilize.
All that if the bailout works. If it doesn’t – may God have mercy on our souls
Of course, that’s all IMHO.