Look, this is simple, the market is going to freak out next week.
Obama unveils "THE PLAN" on Monday and from then until Friday, I will almost positively bet the house or at least the garage, ok the driveway, that the market goes up, mostly up, at at least semi-up.
I will re-read this on Friday afternoon and probably cringe but Monday through Friday will spell some relief. Instead of being 60% down, we might be oh, 58% down.
Considering my market predictions are more wrong than right, I still feel optimistic. But its still a shotgun wedding, there's still no depth to the emotion, the love could flicker out in an instant, but the night's passions will be hot and memorable.
Reuters: Bank rescue plan could extend market gains
"Next week could be one of the most important weeks for 2009," said Thomas Lee, U.S. equity strategist for JPMorgan, in a research note on Friday. "Whatever plan is unveiled, it will establish a framework to rehabilitate the financial system."
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