For the last 2 weeks, this market completely ignored all bad news and rallied solely on the expectation that Uncle Sam would bail out Detroit. I'm pretty damn sure that will likely happen even against every opposition from the GOP, but then this rally would also come to an end. Remember that stale but priceless adage, "Buy the rumor and sell the news"? Very blasé, but so true.Quote from Jahajee:
down 10 points
AUTO BAILOUT appears HALTED IN SENATE ...
