updates

Once again the Fed and Treasury is propping up the dollar as news starts to emerge about this new plan to take on all the billions of dollars worth of bad assets from financial institutions.

The dollar may continue to gain on this news and especially as details are released. But take note, when the government used this plan in the late 1980's to bailout the Savings and Loans the U.S. taxpayers lost almost $80 billion on that deal...

Equities should rally on this news and the euro, gold, and crude may find themselves back under pressure.