I don't understand what the big excitement is for?

everybody knows fed-easury will bailout anybody on the correct side of the street, that is forgone conclusion, the market knows it, heck, even my aunt knows it, and the market expects it, and market gets it

let me be frank, I am all for government this and that on the back of future generations, I do not want to leave in 1929, period.

Fed-easury actions are not just because of Gross, when it comes to real big holders of crappy paper, China and Russia, Gross is as insignificant as a mosquito, a bit of noise, an annoying bite, abd that's it. i.e. if the bite is not extraordinarily infected

and I think Hank and Ben have done a master stroke breaking the commodity bull, it is a lesson to be learned not to take central bankers lightly when it comes to their viability and survival.

So if Gross is hurting with crappy paper, China and Russia are losing, too, and we can`t have that, can we?

now, if you are a short term trader, you see the 1220 pivot of SPX, you see extreme oversold on lower time frames, you see the hard bounce, and you have to lighten up

if you are more long term situated, it's a bear market by every technical measue known to me (I know very little as you can plainly see), it is spreading all over the world, you should welcome a bounce, if you are bearish, not fear it

Some say that US markets are played with by the PPT team, if that' true, and you can't handle it, short Europe, no PPT bounces there that I could have detected.

It is exactly the naive reactionary attitude that let outlets like CNBC instill fear and chop traders' capital

decide who you are, pay attention to the macro environment governing the markets, make bets accordingly, make bets like you know you'll lose it all, watch the charts, and turn off TV.

everybody and their cousin knows financials and housing are in doodoo, so guess what, they hold better than others, but new sectors start declines as old ones firm up, or stand pat, that is the characteristic of a bear market, identify those, and short those, if you believe this is a bear mrket

while everyone was busy shorting financials and housing, I bought a truck load of puts on BBH, guess what, that was one of the best performing trades of my life as a market participant, why did I go that way, I believe I have to short strength in a bear market, and BBH looked strong, but momentum was diminishing at that top, you can't let that go un-shorted in a bear market, similarly, you can't short everrybod else's short and expect instant gratification