This chart hasn't been discussed. Maybe it should be given the large move.
http://research.stlouisfed.org/fred2/series/BASE
If the bailouts don't succeed, go to plan 2.
Plan #2: INFLATE INFLATE INFLATE!!!
Something like this is going to happen in the morning
Bank bailout funds could be used for Detroit
http://money.cnn.com/2008/12/11/news/companies/whitehouse_warning/index.htm
I am calling for a government intervention rally. It is what they have been doing all year long. Whenever the market looks to be in trouble they do anything possible to stabilize it (rate cuts, news releases, buying futures contracts, you name it).
What are the chances we see another odd midday rally tomorrow where we unexplaniably close in or near the green?
With futures down several percent I get a feeling that something will happen before the bell or we will see a huge rally.