Well what can we say! another bailout. Seem like we have a bailout every month but dont worry taxpayers we will get our bailout soon! LOL. Yep right we are at the bottom of the list and their will be no monies left after all the big guys get there handouts first.
If you thought the AIG bailout was a money pit you aint seen nothing yet. No shot in heaven or hell the automakers wont need more money, it is inevitable. Just like the banks the US automaker business model is flawed and can't be corrected in 12 months, So we will see where their are next year this time.
The market is trading constructively here and there is a good shot that we grind higher. I still think tops one this market is 10300 on the DOW but we will see, I have seen crazier stuff happen. I think we have got to continually watch the volume here as it is not impressive and if we gap down tomorrow it is a green light buy, if we gap up, bracket the first hour and play as such.
MARKETJEDI
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