BRIEF RESPITE

The $ rally may have more leg to it if EURO ZONE issues continue, would put pressure on US stocks. $ has been consolidating and has made NO NEW LOW since 2008. But a double top also is seen....

Tuesday was a confirmed 90% down volume day, classified as HEAVY selling, and volume picked up by almost 46% on the decline. Today's WEAK rally attempt plays into the scenario of a 2-7 rally with no firm bottom in place.

GM becomes a publicly traded company again, the GOV will sell us back 400 Million shares at $33 or so a piece. It will still be a majority shareholder and would need to sell its remaining huge stake above $50 a share to get back all it put in....even public it is still Government Motors. Did the Gov do the right thing by bailing out GM?