Sure.. 1 trillion is not going to solve their problem if they continue to party and be care free nation.
Therefore, they got 2nd thought. Buckle up and let see how it goes..

Lots of good opportunities for some badly battered good stocks to go long here. 

Update: Someone asked me what are some of those longs that I would be looking at during market panic:

Here's what I'm looking at some of these, holding them over much longer timeframe (quarters/years):
AAPL, CSCO, CAT, TM, YUM, MCD, KMP, GE, GLD, VTI. 

I don't swing or daytrade those above.. just accumulate during big dips - like last Thursday/Friday.
Every quarter, I project that we may have up to 5% to 15% pullback from the highs (Dow/SPX). Just calculate a price point relative to the general index and set a BUY order (in small position by scaling in) for them.

I'll be adding C to the above list soon (if it can maintain price over $4 over at least two quarters).

I'm also looking at BP - finally broke down below $50 - way over sold now.
If it touch close to 52weeks low (approx $4 from here), I'm a buyer. 

I'm with you for good stock for long haul, but the W shape is coming as many have seen. Data came out are not that solid yet to hold long position more than 2 Q

C under pressure.. because of Morgan Stanley.

Closing update
Dow 10896.91 +148.65 +1.38%
Nasdaq 2425.02 +49.71 +2.09%
S&P 500 1171.67 +15.88 +1.37%


Wow! Looks like the bulls are back. They're hitting at the 50 days MA door already. Dow already crossed over, now waiting at S&P500.
The percentage of S&P500 stocks above the 50MA now has risen to 45% as compared to only 15% just last Friday. 

TCK took a beating earlier when hedge fund sold and buy Gold (look at Gold price now..ridiculously high).
Lucky, it has recovered some. 

Also, I just look at my AAPL calls purchase last week.. I'm not going to jinx it by saying anything now..
hopefully I get more good news by tomorrow. 

Update:
CSCO reported earnings - beat estimates but cautionary remarks from CEO caused some sell off AH. 

Closing update:
Dow 10626.88 +6.72 +0.06%
Nasdaq 2354.23 +7.38 0.31%
S&P 500 1136.97 +1.29 +0.11%


Got out of short (SDS) with small profit.  Buyers came back in..at close. 

Market should go up a few points tonight and will try to short again later. 

Oh darn..I'm slightly under water now with UCO. Need 9.86 to break even.
I think crude should go back up above 70.  I'm going hold for a while since we're already at lows.

Should have kept my SDS.    Oh well, can't win 'em all.

Update 1:45am
Folks, bulltrap part two here. I've jumped to VXX @ 27 to ride this down a bit.

Update 2:30am
Goldman Sachs said the upcoming Financial Regulations going to take up to 20% hit all banks profits if implemented!!  If so, time to get out or short financials folks!

Update 3:20am
Took some profit in VXX 29.10.

Closing update:
Dow 10510.95 -114.88 -1.08%
Nasdaq 2317.26 -36.97 -1.57%
S&P 500 1120.80 -16.14 -1.42%

Another day - another bull trap here.  Bulls got no more love anymore. We are getting very close to the 200MA here and if this blows thru another trading session or so.. a big trap door will open. We definitely going to drop below 10K, perhaps with a leg down to that fateful 'glitch' day on Dow 9800 or S&P 1065/1070.

Be very careful and stay cautious here..  Try stay in cash as much as you can (for longs). 
Shorts - once the trap door is opened, you know what to do. 

You can buy VXX just like an ETF or stock during trading hours.
It has indirect play for VIX.
http://www.ipathetn.com/VXX-overview.jsp

This bear is indeed vicious.. seems more powerful than the one appeared in February. 

wow, look at the bears... Can't stand to see my portfolio, down nearing 1800 alone yesterday. The worst since started to trade.

Dow down almost 1200 points, and my overall portfolio down almost 30%. Fark. Should cut loss C and STEC earlier.

PPT sleeping, scared. Hiding away. Eh, how was your C? Still holding ?

Mine down more, -22%. Bought at 470. 

Don't care about Soros.. he's a long term investor. We're momentum here.
Dow will be still red but it will tapered off - not as worse as yesterday.

I'm holding my shorts till this mid trading day and will likely to cash out for the weekend.
I'm looking for a bounce around SP 1045 (Feb low) and go long on some positions.

Guys - if you've some cash.. now is the time to get some, Dow IS below 10K. 

I'm out of shorts.. waiting at sidelines.  Not buying this yet.

I uses OptionXpress to view Level II quotes..

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Added on May 23, 2010, 12:09 pmPreparing to sideways.. until direction is clear..

Goldman needs to upgrade C.
And C can upgrade Goldman later.

Anyway, if you all take a look at C chart. It didn't do too bad these past 3 days when the market has dropped 5%.