Brilliant!

For traders, results are everything.

Anyone who believes that government 'ownership' of Fannie and Freddie, putting a floor under them, and then banning shorting is the free market, please leave now.

Ex-financials, the markets are fairly flat, but of course, financials have ramped.

TRIN favorable
The ten year yield is up, flight from quality
The volume leaders are financials such as MER (have some call backspreads there)
The bank index ramped
Goldman-i-locks is up over 5%
Even SBUX is up 4 % during its painful transition from growth to value stock

I don't happen to think Congress is going to give Bernanke and Buddies more power, in fact, they'll be lucky to keep what they have.

The Bubbles aftermath will take a long-time to unwind, and I'm happy to take a gift today.
Plenty of losers today, too.

Bad Barry says it best. Is the Professor a genius because the market rallied today?

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.