While liquidity fears have been quenched by unlimited access to dollar funds, sharp interest rate cuts and global bailout efforts, the markets have merely passed through one phase of a much broader financial crisis.

The Federal Reserve remains likely to cut rates down to record lows before year-end, as indicated by Fed Fund Futures, which are fully pricing in a 25bp cut on December 16 and a 55 percent chance of a 50bp cut.

Bill Bonner thinks that unemployment is going to get much worse.

Lawrence G. McMillan reviews the options market in his weekly column for October 31.

Has another bear market overshot to the downside once again?

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 31.

None of the measures taken in the financial crisis so far seems to have done the trick.  The cutbacks continue.  In fact, they are just beginning.

What is the 90/10 Rule, and what does it have to do with Tuesday's huge gains.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 30.

Where and when will the bear market in the United States end?  No one knows.  But it could end on some sad day 20 years in the future.