Meet Your New Leader: It's China By Todd Horlbeck About this article: This continues to be an extraordinarily difficult market, unless you are an adept daytrader; being positioned overnight is next to impossible. The large job losses continue to mount, looking even worse as they are now higher-paying jobs. I cannot quite wrap my head around how these jobs are going to be replaced. Eventually they will, but it seems like a very difficult trek right now to hike our way out of this valley. In September, it became increasingly clear that Lehman Brothers was not going to make it. Many investors believed that it was safe to assume that this was already priced into the market, but buying stocks based on that rationale proved to be a big mistake. Likewise, I don't believe that the automakers' bankruptcies are priced into the market correctly. Similar to the unanticipated consequences due to the fallout of Lehman Brothers' collateralized debt obligations, it... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.