We are coming out of these options trades we gave it out best and the markets are in danger. If we sell off then we are going to hit the downside intraday only in and out.

We did our entry and exits correctly and we are not getting cooperation out of Washington DC from the government. We can not run the risk that there is a major pull with the White House vs Wall Street battling it out.

We will keep intraday trading and we don’t have nearly the risk until things clear up. If they get there act straight, in February we can move in. Then it is only best to wait as we have been waiting for over 3 weeks of January and sold out at the top before.

We don’t need the losses in the options markets and or another options trade like DRYS with bogus news coming out after hours.

SMF Pro Traders will keep there risk out of the markets at end of day. There is plenty of money to be made and I am not saying things are not going to rally, its just things are not working right now. We came out and we will stay out until that happens.

Too much day to day crap happening with new-driven events to be holding over night. Lets use your SMF Pro Trader Formulas long and short.

Keep your stock trades short and sweet and keep making profitable trades using what works the professional traders markets vs. buying and holding over night.

We know what will work and we will be getting extremely aggressive on down days shorting tops and buying dips in our trade management

Serious investors and traders signup now for our live online 2009 investment forecast

When someone asked why he was doing the deal, here–now, he actually said, basically, ‘Because Americans are the dumbest investors around, and there’s lots of liquidity in this market.’”

CEO Dryship, George Economou

Peter Georgiopoulos, chairman of rival Genco Shipping & Trading  (nyse: GNK -  news  -  people ), blasted Economou in public recently, saying shippers like Economou "

Jefferies notes that DRYS filed a shelf registration for the sale of $500 mln of the co's common shares.

The firm says that while the anticipated proceeds from the share sales should boost DRYS' cash balance to over $1 bln before inclusion of the co's projected cash flow in 2009, they believe that existing DRYS shareholders are being diluted unnecessarily as they do not believe DRYS was in need of the additional funds given the co's current $600+ mln in cash, projected 2009 contracted cash flow of $500+ mln, and recent cancellation of $1.5+ bln in acquisition transactions.

Given the co's preference for cash at any cost even at the expense of existing shareholders, they prefer investors position themselves for the rebound in the dry bulk shipping market in names such as GNK, EGLE, DSX, or SB. However, they do believe

DRYS shares are likely to increase over the next 12 months with dry bulk shipping rates. The firm cuts their tgt to $24 from $50.

At StockMarketFunding.com, we believe investors should always have the facts upfront and due their own due dilligence before purchasing a stock or option.

Even with the appropriate due dilligence, you can still fall victum to the markets through these types of events.

Learn the secerts of making $1,000 in the first 20 minutes of the opening bell

SMF Pro Traders as we were teaching all our traders and SMF Power Investors what this would look like and how it can help get the markets going a month ago when we were doing out Saturday training in our SMF Pro Traders Training Session. We are now going to be looking at how things can clear up in our banking indexes, there is going to be a lot of debating around how it works.

SMF Pro Traders and SMF Pro Power Investors School teaches these events how they work. Once again, we have brought this to our SMF clients months ago. Now, stayed tuned for the outcomes going forward.

Now is the time to buy in areas using the Options Markets, SMF Pro Options Trading School teaches investor and traders how to use those trading strategies to limit downside capital risk. We enjoy bringing it to all new people who visit our site and your welcome to attend our FREE SEMINAR for those who wish to enter our SMF Pro Trader School we will show you things you have never seen before, how you can come out a winner.

The choppy, hesitant market that we discussed yesterday afternoon was given a major catalyst last night after the news hit the wires that the Federal government is planning to create a "bad bank" to buy toxic assets from lenders in an effort to decisively fix the financial system.

The details are unknown at this point, but the headlines indicate that the Obama administration is close to a deal to create an entity that would buy illiquid or bad assets from banks. The FDIC is likely to manage the plan, and further details of the plan could be announced next week.

Although it's surprisingly under-reported this morning, the "bad bank" news is what's moving the market today, not any of the earnings reports released after yesterday's close (although WFC's was surprisingly positive) or today's FOMC announcement, which will for the first time in a long time be a relative non-event.

As the +11% surge in the XLF indicates, this is a major positive, in that it will presumably remove most of the toxic assets that have been destroying banks' balance sheets over the past year, which should in turn break the repeated cycle of write-downs and capital raises, and ultimately create the conditions for banks to start lending again. In essence, if the plan is enacted -- and more importantly effective -- it would lift the insolvency overhang that has crushed the multiples of the Financials, which should consequently revalue them higher (of course, this revaluation is already well underway this morning).

Yet one factor that the market will also need to price in is that the government-assisted fixes that are put in place today do come at a long-term cost -- the banks receiving support will pay for this support in the form of dilution (whether through common equity or warrants), which will reduce earnings over time. This is a double-edged sword, though: while the result will be a reduced share of earnings to shareholders, the total earnings will likely be larger than would have been achievable without any assistance.

Another factor to consider is that while the insolvency overhang may be removed, that will shift the market's attention over to the other overhang plaguing the banks: the operating environment, which is terrible for most. There will certainly be some winners that emerge from this cycle, but the fat profits that the banking system enjoyed during the free-wheeling lending environment that existed over the past decade are gone, never to return.

Banks are not only returning to the traditional, and less profitable, business models of the past, but will need to find brand new ways to make money in the future. It will take time for the banks to shift from a purely defensive stance to a model based on taking risk again, and this transition will occur in the midst of a very difficult operating environment.

Bottom line: There is a legitimate reason for the Financials to rally this morning, and perhaps in the near-term as the plan's details are revealed. Shorts who had bet on the continued deterioration of the banks now have to cover at least a portion of their positions now that another government plan is put into place to further stabilize the sector, and more longs may be tempted to nibble at the highest quality names.

Nationalization had become a very real concern lately, and the "bad bank" plan should mitigate much of the immediate capital uncertainty that exists, as well as ensure that the majority of banks survive this cycle.

Looking past the immediate benefits however, like the TARP plan before it, this plan is just one more stabilization measure that comes with a real cost for the banks involved, and this may ultimately temper some of today's enthusiasm regarding bank stocks.

Learn the secerts of making $1,000 in the first 20 minutes of the opening bell

StockMarketFunding told traders how the government would attempt to resolving the banking issues with this "good bank" "bad bank" resolution. We told our traders as you start to hear the debate on TV if this will work, we will rally.

Learn the secerts of making $1,000 in the first 20 minutes of the opening bell