8500 seems to be the bottom, in all the ups & downs over the last 3 months, it always would ended up around 8500. But I think the recovery will be SLOW.....whenever it starts.
Middle class incomes have been stagnant for years, and now they've fallen a bit, and many are tapped out on credit & can't pull it out of thier homes anymore. So spending money to stimulate retail sales will remain at a trickle for a good long time.
The job market likely won't improve untill at least the third quarter, and I expect it will be second quarter 2010 before it gets much better. Buckle up and hold on.