*****Apparently we’ll hear more about the bank bailout plan over the next couple of days; In the meantime, President Obama will sign his massive tax and spending bill into law today. 

The bill is being called the biggest piece of legislation since FDR. We’ll see how the market likes it. It occurs to me that passage of this stimulus bill was very much in doubt until the amended version passed the House on Friday. It may be that we still get some upside in the stock market now that it’s passed.