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As I looked at my trading screen today I saw a lot of green. Green screens, of course, that indicate a market that's finally starting to trade higher.

To this I say -- it's about time.

After so many down days during the past few weeks, the welcome relief of green screens indicates that not all is lost on Wall Street. The sector showing one of the biggest spikes higher today is financials, which is particularly encouraging after a few weeks of difficult headlines about bank failures and the pending demise of lenders Fannie Mae and Freddie Mac.

There's no denying that April 2008 was a really good month for the equity markets. To that I say -- it's about time!

After the worst first quarter in recent memory, stocks finally showed everyone that the bears hadn't taken up permanent residence on Wall Street. Now in the wake of the admittedly very good performance we witnessed in April, many pundits have taken to asking if the credit and equity market crisis is now over.

In my opinion, the answer to this question is a definite no.