(He ain’t no Jimmy Stewart)
It doesn’t matter. Politics is politics, and a bear market is a bear market. I would use this opportunity to step out of your longs, and think about re-loading on the short-side. Take what they give you.
Till next time,
Bill
P.S – FYI, some of the items included in the bailout legislation: $192 million for the rum producers of Puerto Rico and the U.S. Virgin Islands; $128 million for car-racing tracks, $33 million for corporations in American Samoa, and $10 million for small film and television productions. In addition, the bill authorizes a Wool Trust Fund and additional financial relief as part of the Exxon Valdez oil spill that happened 20 years ago. Wow!
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