Brian Pretti has a great article devoted to some very important measures of the US equity markets. He talks about declining corporate equity buybacks, negative year-over-year margin debt growth, slowing public domestic and foreign equity purchases, and an increase in "total cash on hand" for Mutual Funds. These statistics shed further light on the idea of a secular move lower in stock prices. Read Brian Pretti's article here.
Prieur du Plessis was talking about the Investor Psychology Cycle. He believes we are somewhere between the denial/fear/panic phase. I'd estimate we're still dealing with denial.
Yves Smith had a good piece on some of the ideas being tossed around at the Fed symposium in Jackson Hole, WY. There appears to be very little consensus on "what to do" from the banking cartel. Read some of the suggestions in Troubling Signs From Fed's Jackson Hole Conference.