Hibernation is Over

[T-Rod]

Here comes the bear... market.

The Fed has pretty much abandoned the market in the last 2 weeks.

Retail earnings were terrible meaning you have a slowing consumer.

The credit debacle has pretty much devastated the two stalwarts of the bull market: financials and housing.

Rallies in the market are met by fierce selling.

This could be ouch time if the Fed doesn't move soon (and it looks like it won't).