April 02, 2009

The bailout(s)

CNN has a nice little table of the different facilities, guarantees and other elements of the overall effort to bailout the economy. And, while the overall number is large, we've only used about 25% of what's been set aside.

Looking at this, the only thing that's obvious is that the government has allocated close to 75% of GDP to fix this. Given that, it would seem pretty stupid to bet against it. Because, simply put, even if they fuck up on certain things they are putting enough money in that eventually, even blindly, it will stabilize the economy.

That's not to say I think the stock market is all good. What we're seeing now is a bear market rally and yeah, I'm selling a little into it. I want to see a retest at or near the lows. I want to know we're done.

Posted by mcblogger at April 2, 2009 12:35 PM

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