I think the bear is just taking a nap after consuming the dead cat bounce and is slowly getting ready to wake up and go fishing for the trout on the bottom. Lower highs, lower lows, still trending down, no real pain yet! Financials still going down despite Uncle Sugar giving them large early Christmas presents. I don't see bulls in the pasture, I think they are in church praying. I'm betting on QID, SKF for now. FXF longer term but may retrace a little now.
Socialist Obama wants to double the tax rates if elected...so the markets will be very afraid , at least, until November.