..what's new?..

Oh well,   just another bailout with an injection of $85 billion of taxpayer money!.   Now what?....As expected the sentiment is mixed, if you've followed this closely you know this outcome was not going to rocket the market futures, but if it didn't happen,  it surely would have shot the market dead.   Basically,  it's another band-aid and all that will most likely happen is the negative bias will turn somewhere else and/or someone else.    We witnessed more of this today as MS was looking to be next in line for a run sell- off,  forcing the company to their earnings after the close to avoid more damage.     Maybe,  putting the the taxpayer on the hook will give the market some relief ( sounds ridiculous, but true..lol),  but we stand by what we've been saying and that is there is no reason to step in front of the bus!.  

At least,  we held the new support of SPX 1170, which may give us something to work from, reverse..bounce,  if we can just avoid another crisis in a financial firm in the next little while.   We had a huge volume/ reversal day in signifcant areas eg. DIA and if technicals can override the market turmoil, it should be now.  That's the 2 day outlook before the weekend, we'd still keep all trades on a short leash, number of positions to a minimum.

The market is under significant pressure, investors concerns have not changed overnight and will stay uncommitted as to getting in front of the bus.  To put it into perspective,  there is one trade and it is a stuffed cash trade!.   When we talk of needing sideline money to come back,  we are not talking a piggy bank savings here.   There is a hoard of cash in Money Market Funds that will eventually make this market rocket,  but it needs conviction and capitulation would get the ball rolling!.......unfortunately, we just can't roll as the Gov't keeps getting it's hands in the way.  

There has been nearly a ``trillion`` added to money markets since we started this crisis in August of 2007.   This is about $400billion more cash raised than the last bear market in 2000-2003.  When this ``trillion`` balance falls and it will fall in the hundreds of billions,  it will create an incredible Bull rush!!!.   So, do you want get in front of the bus now and risk not participating with the billions that will move the market because you blew your cash now!...Just something to think about if you`re frustrated, impatient day over day to make money by trading..investing.