Spectacular short covering rally

Today's action was really incredible. When I returned from work I was happy with the results for my portfolio. I did not know what to expect going in today, but what a day! Everything looks very bullish except the VOLUME which was very tepid, less than Friday's volume, and very instructive when you think of the size of the move. The only logical explanation is that there were a lot of short coverings going on, especially late in the day - all those folks who are short on banks rushed in the cover their potential losses since they can see the writing on the wall that these banks will not die for a while as they should. There may be some pull back tomorrow, but if the pullback is anything more than 2.5% on SP500, then it is time to colect my chips and go to the sidelines and wait for more definite signal. Therefore I am putting a tighter stop loss order on my SSO positions - 5% below today's closing price.
Random thooughts:
On a fundamental basis the latest plan by the Treasury cannot manufacture the demand. This is yet another way to steal people's money. First was to scare everyone in rescuing the AIG to steal the money for Goldman Sachs and other cronies. The current plan is to steal money on behalf of the same group of folks. Where is the outrage from common folks? The truth of the matter is that the economy is in the tanks because the consumer is simply tapped out and cannot keep borrowing to buy more useless goods and services. You cannot create demand by simply stealing money or printing money. If people don't stop these robberies and unnecessary expansion of government, it is quite clear and relatively easy to show that the US government will become bankrupt (i.e the capacity of US government to pay its bills either through taxes or through taxes plus borrowing will not match its bills) in ten to twenty year period as Senator Judd Gregg of New Hampshire predicted last weekend. Under the current global system US consumers provide a very solid base for economic growth worldwide and it would be shame to lose this stability in the worldwide economy. Instead of practising good conservation of resources and living-within-your-means finance, which would demand we cut entitlement programs in a major way and bear the pain now rather risk ruining everything, the Obama administration is seeking prosperity through credit gorging as practised by the Clinton Cabal. Look what happened to the Bushies when they tried to play Clinton's games with the credit market especially in the year 2005 onwards allowing expansion of credit in the housing sector in a unrestricted way..