Bailouts for Billionaires, Nationalized Government Housing Projects for Everyone and now... Bridge Loans to Nowhere!!!
Oh well... make a few bucks riding the Government Slop Bucket til the election and then see what/where next...all aboard!!!!

BTW: who cares about earnings... they really don't matter anyway on a Government Pig Farm.

Yeeuuup...! Government intervention/bailouts and socialized penalties for Wall Street's financial malfeasance is always a good thing ...right? Rydex long position in indices SPX/DOW/NDX from Friday 20080905 got blown out flat today while still short R2K. Looking for the sweet spot to add to the Energy/Metals/Commodities position so as to bring exposure up from 15% to ~22%-30% for a regression bounce, although longer term deflation is on the lookout and commodity "stuff" may be an innocent bystander temporarily as well.

Bailout party seems to benefit the financial trouble makers while punishing the innocent bystanders in the rest of the market eg;tech/energy/materials. Bond and U$ Dollar rally give the clue of either BIG DEFLATION TRAIN coming or/and overseas markets ready to deflate/crumble. Possible early warning sign of neccessary reverse long position from friday back to net short.

Seasonal / Political "rally" looking for long term buy and hold suckers!
Near term test of 1265-1285..if successeful and can hold above on a daily close for 2-3 days, next "potential sell targets = 1335-1390.
Select commodity sectors are preffered areas to favor longer term cyclical hold positions although Wall Street financials are more likely short term upside momentum favorites due to Fed / Trasury mischief.

30 day stock market range contraction looking to break soon. Beware initial move as false break head fake. Bear market still macro theme, not withstanding short term seasonal /polititcal "rally" mischief. Oil potential buy set-up along with other select commodity related sectors/futures markets, DIG,XLE,XLB,USO,UGA,UNG,GLD,GDX etc: looking attractive but not all will rise together as strong as previously. Repeat: SELECTIVE Commodities trade begining early line up.

Reduced short indices exposure for a profit and in anticipation of "potential" small long exposure for seasonal & "election bounce". Don't want too much size on either way within a chopsaw range such as present.
Buy levels lined out although again still within the structure of a longer term bear market.