If you took my advice in the last post and put on some hedges I think it might be time to take those off.  We’re currently a little oversold so even the slightest spark can cause a fire.  Clearly the market is starting to get excited about the news of a Bank of America bailout.  Although I can’t imagine how the failure of yet another major bank can be seen as a good thing there’s no reason to fight the tape.  Having said that I’m not so sure I want to be getting long here either.