Clip File: Is This the Start of the Big One?

"...most savvy people I know have been skeptical of this rally, beyond the initial strong bounce off the bottom. It has not had the characteristics of a bull market. Volumes have been underwhelming, no new leadership group has emerged, and as greybeards like to point out, comparatively short, large amplitude rallies are a bear market speciality....almost insistent media cheerleading, particularly from atypical venues for that sort of thing, like Bloomberg....More bank woes....Consumers tapped out....Foreclosures set to rise....Fed in a box....More AIG losses....Lack of political leadership...." Is This the Start of the Big One by Yves Smith (naked capitalism 2009-08-17)