I hope you won't consider me unpatriotic for having flattened my long positions on the open.
I'll get back into the game soon enough, but first I want to assess the impact of this "game changer" on market behavior beyond the initial reaction. My advice if you don't like what you see - throw a TARP over it comrade.
o Politico - TARP Summary
o Politico - Paulson Plan to Cost $1T
o Quant Edges - "Big Ass Reversals"
o Reuters - Treasury Backs Money Markets
11:40AM PST: Has anyone noticed that the US Dollar is down -1.12% (UUP), Gold up +3.10% (GLD)? I tried shorting GLD yesterday, no dice -- hard to borrow.