bear market rally/dead cat bounce.....call it what you will. you can't reinflate a debt bubble with (wait for it) more debt......wait until unemploymetn really hits. the syndicated debt on non-MBS securities will cause another wave of bank write downs...you just wait. perfet time to be long puts/put gamma. VIX over 50 too....long vol of vol
My vote is massive short squeeze rather than a bull market per se...