Best Case Scenario

Well here comes another "Bernanke/Paulson Bailout Rally". Futures up big this Monday morning.

Clearly this Fannie/Freddie bailout is an unmitigated disaster and throwing billions of dollars into these black holes is a great way to make the billions disappear.

Here is what I'm hoping for: a big frickin' rally, all this week and into next. See, I leave for vacation later this week and won't be back until Tuesday of next week. My intention was to get small and not have to worry about the market gyrations while I'm sitting in the Florida Keys drinking fruity cocktails. Besides looking at literally hundreds of charts this weekend it's obvious to me that we need a good rally to create opportunity.

I won't be buying stocks. Not looking to play this thing from the long side, aside from my gold position and maybe adding some energy names. With any luck I can get even smaller (having already done so thanks to Friday's afternoon rumors) this week without much damage and just put it on cruise control until the middle of next week. With any luck I'll be in vacation mode by this afternoon, provided this rally has some legs. Let's hope...