NYSE margin debt looks like it might be at a bottom. My model is either its a bottom right now or it may need another 60 billion down before its at a bottom. The availability and loosening of the credit markets is what needs for the market to move up. The stock and futures market revolves around easy credit not actual fundamentals. Easy credit=risk free $$$.
shorting could be easy, but... bear market rallies are MUCH more intensive than bull market rallies, contrary to the consensual believe so, historically, short-run bear market rallies, in the form of almost totally vertical streight lines up, can make some ppl so nervous that they can confuse it with global bottom and start covering, losing their shirts. i mean, at least, try to handle this cargo in the form of extreme psychological stress with care in such moments (at least avoid keeping some especially big excessively leveraged shorting positions overnight -- some gaps could be HUGE and not filled/faded immediately and last for weeks)
Gold of course. 1500$ gold before may sounds feasible. This should send the miners higher at least 150%.