Market opinion

Financial were in strong downtrend since May 2007, I hoped that FED
would step in last Friday and cut rates, but then I realized that FED
passing on that IS a good news - natural flow of sell off is not been
interrupted by brute force. So I hope Tuesday is going to be a "Black
Tuesday" - that will conclude financial sell off and produce "buy
signal", which will result in some uptrend on a weekly basis. How long
will it last? I have no clue, but if CDS collapse will be prevented
( I don't mind FED stepping in and buying all of that surreal garbage
for 50c on a dollar ). Not as a "revenge trade", but as a part of the
plan I will buy ( YES, AGAIN) calls for COF, BAC ( after ER) and FITB
ans SOV.

Disclaimer :) - this opinion is NOT based on oversold/overbought
market conditions - market can stay that way all the way :)

And if CDS will unwind - $500 trillion pounds gorilla will do less
damage to economy - Lord have mercy on my soul then!

Some of trading ideas I'll be watching next week
long:
YHOO - oh, yes, that dog...
ROCM
OSTK
MTRX
MEDX
LDK
IOC
GLDD
FITB
CHME ???
CHINA ???
ADCT ??? (Cramer cursed?)
ACTG

short:
AKRX
POZN
NLY?
IRIS
ESPD
DBC puts
DBA puts?
BPHX