The Dow still is headed down big time; enjoy rally for now but things will get much worse, really

Wall Street -- where denying reality is a must -- is playing up a string of days of gains as proof of a rally.

They're right, for some of this month. But after that, the descent in the Dow will resume. One CNBC analyst this morning was talking of a 4,000 to 3,000 Dow. It is trading near 9,000 now. I'm sticking with my prediction of a Dow 6300.

So if you keep your money in the market more than a few weeks, you're in for more shocking losses.

Economic numbers are on the side of the Bears. More layoffs hit the news each day. Earnings are falling for every corporation except Walmart. President Obama said Sunday that things are going to get worse in the economy. The signs are there for new lows in investments.

Be warned and don't get greedy. You can try and time this rally and get out before it falls. But when the floor is pulled out from under the Christmas rally, the Dow in one day is going to fall further than Pee Wee Herman's career after he got caught pleasuring himself in a Florida adult theater. I have nothing against that, although I've never gotten that frisky. I loved Pee Wee on TV and in cinema. Still do. But laws are laws.

And so are the laws of economics. You can't defy them. This recession is going to be the worst in modern memory. And the market is going to soon reflect the bad days to come.