I think the liquidity is really just starting to hit the market. Take a look at
LIBOR. We're in the bottom portion of the U. There will be some more downside,
but I believe we'll start to see some uptrend in the next 3-6 months. It's a
process.

yes i think it continues; rates arent really the problem here. i think 1320
being broken on any decent volume or if it rips through it, confirms it for me.

government intervention makes the problems worse

There's nothing broken in the downtrend that I can see - bear market is fully
intact

http://stockcharts.com/charts/gallery.html?$SPX

With all due respect, your first sentence is completely wrong.

I'm going to try again.

Although there are parallels with previous bear markets, the intervention of
governments in the markets is unparalleled: mortgage rate and foreclosure
freezes, panic Fed Funds rate cuts, TAFs, super-conduits, stimulus packages,
bailouts, and working groups only postpone the inevitable. It is a fallacy to
assume that Fed intervention (or *any* government intervention) can correct what
ails the economy and the stock market. In fact, government meddling is
exacerbating the problems and, *again*, will only postpone the inevitable
massive dislocation in the stock market.

The market is falling apart in front of our eyes. We are witnessing the most
violent boxing match in financial history, with hyperinflation in one corner,
and asset class deflation in the other.