Suggesting the market’s 7% rally on the latest government bailout program is an endorsement (or proof) that the latest scheme will work better than all the previous failures is akin to a pimp suggesting that his whore gives better sex than all the rest or a drug dealer who says his weed gives a better high.  Maybe they do, maybe they don’t…but in the short term, if it felt good….who is going to argue?

Far too many people love to believe the market knows all or that a selloff means the plan will fail or a rally means it will succeed.   Today’s rally is evidence of nothing other than stock prices are higher today than Friday.   It was a convenient opportunity for people who love to exploit bailouts for a trade.   That’s it.  Nothing more.  Nothing less.  And when all the true believers wake up from their high, they might just realize they got fucked.