It seems to me that for the past six months or so we've been in a period of monetary deflation. As long as that continues, stocks will decline. Since in our s

It seems to me that for the past six months or so we've been in a period of monetary deflation. As long as that continues, stocks will decline. Since in our system, money is created via credit creation, it seems the thing to watch for is when big banks start to lever up again. It might be a while.