Don't think this rally can last more than a dayReckon smart...

Don't think this rally can last more than a day

Reckon smart money will sell into this rally, who is going to buy a bunch of Fannie and Freddie shares now that they are going to be placed into conservatorship which eventually going to end up like Northern Rock

Aslo,the two companies had nearly $36 billion in preferred shares outstanding as of June 30, according to filings with the Securities and Exchange Commission.

The Treasury Department said it will immediately be issued $1 billion in senior preferred stock, paying 10 percent interest, from each company, but eventually could be required to put up as much as $100 billion for each over time if the funds are needed to keep the companies afloat as losses mount.

As if investment banks going to buy into these newly issued preferred stocks, if its a real BUYOUT why would the fed be issuing bunch of new stocks

Overall I see big trouble ahead for the market now shorts are squeezed and we can go down a lot further.