It looks like the subprime problem is not going away as two Bear Sterns hedge funds that were exposed to the subprime market are in serious trouble.
This may just be the catalyst for a move similar to Feb/Mar this year... The strength of the move is still to be determined as the fates of those hedge funds are decided in some far away boardroom, and its effects on the consumer and the rest of the world economy are gauged... but to those of you who don't pay any attention to the fundamentals, this would be a good time to start.
http://www.reuters.com/article/hotSt...35773520070623