Friday nights price action was extremely bearish. no 2 ways...

Friday nights price action was extremely bearish. no 2 ways about it.
They've had all weekend to attempt to engineer a sticksave and so far the early risers in the US are sold on it. It doesn't mean they won't shoot themselves in the foot bigtime with this bailout.
The relief pop is possibly the biggest short on the planet OR it will be sustained and move on to higher prices.
If its deemed the Freddie Fannie bailout is not going to save things the next assumption the market will make is the US is Bankrupt! You heard me. SP500 to 300. Bankruns and armageddon.
We better hope it sticks. but I find it hard to go long immediately on this.