Despite Friday's sell-off, bears are pressed to get traction. Not that the price action has been very sound, it has not. But as mentioned before, a market made up of fearful liquidation in early March left little selling when the bids showed up. Nasdaq has performed the best but is also consists of those stocks which find the least resistance.
The greasy crowds of Goldman and JPMorgan have benefited nicely from the Washington workings. There are some growing questions about how AIG relief and subsequent performance on its CDS's found a way to make those two 100% on the dollar. This along with other TARP funds the insiders have received clearly demonstrates the path of politics and money are paved with the same bricks.
