MORE PLAN

A few more comments on the bailout and the financials- first Cramer saying on his site that one should be buying tech and selling financials- well not sure about the financials - but the tech- well who exactly is a big buyer of tech - yes the big banks and investment bankers and what is going to happen to their IT budgets and expenditures- I suspect a very tight leash- and not sure that is in the current tech EPS numbers.

Alan Farley of realmoney.com with his take on the bailout- similar to mine:

"I think the gov't did what they needed to do.

The world markets were 2-3 days from crashing and starting a run on the banks and brokers. If our brokers seized up, which was a real good bet, we'd lose access to our trading capital and couldn't sell short anyway.

Instead we'd be waiting in long line for SIPC to dole out our insurance payments.
Bank runs create depressions and world wars. A bit of well timed market manipulation is a much better alternative. "