The markets will all be up with the euphoria of this bail. What happens tomorrow or maybe even in the next week or two does not define the effect of this bill. Once the reality that this bill does nothing to solve the deeper problems we are going through then everything will fall apart again. And things will be even worse.
Someone pointed out that this bill allows Paulson or Ben or somebody to allow zero reserves at the banks. It sounds like The whole system is going to be drained by the rich and then they will let it all come down.
So much for the term “Full Faith and Trust In The United States Treasury”.
Then I would surmise, buy foreign currencies with dollars today (on line real time as Asian markets are open), while the buck is driven up on this pipe dream, bipartisan shit sandwiching-eating love fest, then in about three or four days when the fine print is read, yes, US markets will turn south, as will US dollar. And turn some profit with those foreign currencies. Which ones to pick is the headache aspect. Your mileage may vary. Risk is assumed.