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Well the bailout draft is likely coming today. I can’t see it NOT coming today. The government simply won’t allow a crash to happen. There is way to much to risk to not throw a $700 billion band aid at this. Plus, the government has endless money and until you understand where that comes from, go ask your accountant. The market reaction to that bailout will be something entirely different. If there was ever a time where “sell the news” could be applied, it may happen here.

Either way the market moves after the announcement – its a rigged game. A long trade off the news, might have been the right play, but really who the hell needs to trade it? You have 3 months of trading left after the news come out, you don’t have to trade a hyped up day like this. People talk all the time about avoiding trading FED days. Well this is the mother of FED days right here.

Yes, I’m talking my book by being in cash because I couldn’t figure it out for Monday and I’m ok with that. I’m protecting the gains I have for the year and will continue to profit when the market settles out. I lay my balls on the line with every trade I take just like everyone else does, but this bailout doesn’t seem to be very “ball friendly.”

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