One general observation; news like we had over the weekend about Fannie, Freddie, Paulie and Bennie and the Feds could turn out to be the catalyst for another feel good rally.
I don't think a bear market can end with "I'm from the government and I'm here to help," to quote Mark Haines from this morning, news.
Whether this is a normal bear market (my opinion) or something else it does make sense to think there will be another feel good rally at some point. The one from March to May 19 was longer than normal but shallower than normal.
For all I know, and on second glance, today's