Nov24

Well, the government stepped in again to help Citigroup and I would expect to see all the financials move up sharply. Another good thing for the market will be Obama’s announcements at 11am. The market likes the guys he is picking and if he says that he is not going to repeal Bush’s tax cuts, the market will take off like a rocket. That will kill the shorts and I’ll love riding their wave of panic up. This doesn’t mean all the troubles are over. We will get another chance to reload on the short side. As far as today, I’m going to enjoy the rally and laugh at the greedy shorts that didn’t cover Thursday or Friday.