The morally bankrupt US Government

I have short comments on the weekends bail-out; Now we got:

• Higher energy prices
• Higher food prices
• No credit creation in private sector...

and courtesy of US Government

• Much higher yields! T-bonds down close to two full points in Asia.

The US Government must clearly think we are idiots - the above cocktial should mean higher stock prices for sure - if you live in Fantasy-land!

I am only involved through options but this could be case of 3% up but week down 10%

Excellent link here: http://abnormalreturns.com/ (weekend link fest)

Good luck - the only guarantee for now is: Higher volatility.

Will give full report Tuesday - in transit back to office.

Steen