Ta Da! - The Latest Rabbit

Our Treasury Secretary is ready to make an announcement early next week, probably on Monday. The big question is will there be details this time. Rumors are out and there isn't enough confirmed information yet to know if the new plan will be of benefit or not. We'll have to wait and see. So far I'm not reading much excitement.

With this big question mark hanging over the markets I don't have a clue what to expect next week or for the next month. As I said in yesterdays post, something just doesn't feel right. I've seen several charts showing weakness rather than strength. My gut says we're headed down. How low, I'm not sure. I don't think we'll hit new lows but we may get close. If that's the case, we'll be establishing a base by which we can truly rally.

I'm ready for that time to come. We need a little run up to ease the overall doom and gloom. Unfortunately it won't last long. We still have a lot of deleveraging to get through and there are still a lot of skeletons in the closets of the big banks and companies like AIG.

We also have a problem with housing prices, unemployment, commercial real estate to get through. This is going to take time and there's no way to rush it.

I'm ready to play the market on the upside. I hereby request the bottom be put in within the next 3 weeks. Of course after one last drop so I can get back in. I'd appreciate it.