24-Nov

A follow thru day!

The Fed's bailout of Citigroup and Obama's announcement of his economic team was good enough news to ignite an up trending day. The government is building a substantial portfolio in the banks and becoming it's on hedge fund of sorts. The major indices rallied up, with the SP having its best two day gain since 1987. . Rallies in bear markets can be quick and powerful.The next issue will be the next dip, will buyers be willing to come in and create some supports in this market and overcome the selling that may persist overhead.

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