House poised to pass bill

[stockstradr]

I’ve gone massively LONG the markets yesterday and today. Now over 60% 2X leveraged LONG the S&P500 uying “SSO”and more so the NASDAQ, buying “QLD.” I’m gambling the bail out passes AND we get a nice kicker from a Fed Rate cut within weeks.

Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.

Of course, the jobs numbers today sucked which hasn’t helped.

So far today I’m up a couple percent on the portfolio overall (net) in 24 hours.

[cr]

[quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

I tend to agree, but I can’t help but ask, then what?

If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

BUT – the S&P was actualy DOWN 15% during that same time.

[cr]

[quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

I tend to agree, but I can’t help but ask, then what?

If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

BUT – the S&P was actualy DOWN 15% during that same time.

[cr]

[quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

I tend to agree, but I can’t help but ask, then what?

If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

BUT – the S&P was actualy DOWN 15% during that same time.

[cr]

[quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

I tend to agree, but I can’t help but ask, then what?

If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

BUT – the S&P was actualy DOWN 15% during that same time.

[cr]

[quote=stockstradr]Got a feeling we could see a substatial Fool’s Rally here, even going forward several weeks.[/quote]

I tend to agree, but I can’t help but ask, then what?

If you take every Fed rate cut from last year and tally up the gross rise in the S&P immediately thereafter, you get +15%.

BUT – the S&P was actualy DOWN 15% during that same time.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[SD Transplant]

By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

DOW (57.35) -0.55%

FROM CNN MONEY: no link available – just a header

BREAKING
NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

[SD Transplant]

By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

DOW (57.35) -0.55%

FROM CNN MONEY: no link available – just a header

BREAKING
NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

[SD Transplant]

By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

DOW (57.35) -0.55%

FROM CNN MONEY: no link available – just a header

BREAKING
NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

[SD Transplant]

By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

DOW (57.35) -0.55%

FROM CNN MONEY: no link available – just a header

BREAKING
NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

[Author]

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