As I wrote yesterday morning for VRA subscribers, a bear market rally is upon us and it’s obvious even to the most newbie of investors that this one was highly coordinated at both the government and corporate levels. Yes folks, the fix was in for a stock market rally, which tells you that they are very concerned….beyond that, frightened, about the collapse in the stock market. From Fed Chief Bernanke and FDIC head Sheila Bair’s optimistic comments on the economy, to Senator Barney Frank’s comments on changing short selling rules, to Citigroups CEO Pandit’s forecast that his bank is having its best quarter since the end of 2007, ALL were determined to do their absolute best to move the market higher.

The rally may run for a short while…but barely beyond that. These bear market rallies tend to be short and sweet, but before it’s over we could have an 8-10-% move higher in just a few days. Heck, we were up 6% today alone so it will be interesting to see how far it carries us. We were c...