Poof! There goes your bullshit bailout rally.
Rally got sold. So much for my wishful thinking/best case scenario. As long as stocks keep falling I'll keep shorting them. Line in the sand is 1425 on the S&P, we've bounced off it twice now.
Hmmm. I wonder if all of these bailouts are starting to lose their shine. Ominous indeed. Paulson and Bernanke are trapped and the market is starting to sense it. Gold will continue to work here.
I'd keep your crash helmet on just in case. And how far are we really from a series of bank runs? Interesting times we live in.
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