The Bulls love government’s rescue plan…. for now…

It’s a few hours before the opening bell this morning, and the futures are currently up, with all signs pointing towards the possibility of this being a very bullish day on Wall Street.

With the ban on short-selling and the U.S. government working on a plan to buy mortgage-backed securities that no one else wants — this is giving an “all-systems-go” for investors this morning.

I’ll spare you another tirade on how I don’t like it — I really-really don’t like my taxpayer dollars buying more bad debt — in the hopes that they’ll just sit on it for a long while, and it will hopefully turn into a good investment down the road….

Could someone please give me Bernanke’s or Paulson’s cell numbers, because I’ve just got to tell them about this spectacular, pristine swampland I need to unload….

Enough on that.

Here’s the deal. If you scroll on back through my postings before our government took another step toward socialism this week (sorry, couldn’t resist one more dig) — you’ll see the two stocks on my radar screen were Bank of America and Wells Fargo — and nothing has changed my opinion that these two stocks are worth doing due diligence on.

On the flip side, if you’ve been taking Tums and Rolaids lately as the market has switched from bull to bear and back again on the flip of a coin — you may want to take advantage of any rally momentum that may occur today to sell a portion of your investment to make yourself more liquid.

Then again, you may decide to leave your investment right where it is and ride the rally for as long as it lasts, whether it be minutes, hours, days or weeks.

Just remember — never base any of your investment decisions on anything you read here — do your own due diligence, or at least enough research to hire the right professional to do it for you.

Release the bulls!


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