Thats it... Stress tests are out and now Gravity takes over!!

Finally, the genie is out of the bottle... I hope that there are no more doctored stress tests, TARPs, TALFs, PPIPs and god knows what else... Now that the earnings are out for the most part and there are no more MAJOR catalysts in our way (except for tommorow morning Job Report), we should expect some profit taking until we see more promising signs of economy picking up. I expect $SPX to test the 850 area, which should be a healthy correction and a great buying opportunity. I can't believe I am saying it will be a buying opportunity but what else can you do when the government has flat-out told us that no matter what happens they will print their way out of this credit crisis... Now Banks are not required to mark-to-market their assets, they can legally hide all the junk they hold on their balance sheets and show only all the profits they are making by lending the money after borrowing it for 0% from Fed... Can you really fight the regulators and fed in the short term? NO. So, just close your eyes and jump in the market and buy stocks when the right price comes along, hopefully soon.