Morgan Stanley says sell stocks - should you?

Was the recent run-up in the stock market a sign that stocks have hit rock bottom, or a suckers' rally which raised the hopes of investors naive enough to think that good times were coming only to shoot them down like a nerdy guy at a dance club?

Judging from today's300-point decline in the Dow Jones industrial average, it seems that the pessimists carried the day. Worries about Treasury Secretary Timothy Geithner's comments about banks needing additional capital and lingering concerns about a potential bankruptcy of one or perhaps even two automakers certainly did not help matters.