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Two Ways To Play: Market Instability a Golden Opportunity?


Strengthen your portfolio in good times and bad.

It was an historic day on Wall Street. According to Bloomberg, the US government announced major moves to cleanse the financial sector of toxic assets and halt a potential run on the banks.

House Financial Services Committee Chairman Barney Frank said the Treasury will likely run a program that would involve buying distressed assets to cleanse banks' balance sheets.

In a press conference, Treasury Secretary Hank Paulson said the move would need to be big: "We're talking hundreds of billions… This needs to be big enough to make a real difference and get to the heart of the problem."

Further, to insure money-market mutual fund holdings, the Treasury tapped all $50 billion in the country's Exchange Stabilization Fund, while the Federal Reserve expanded lending to commercial banks.

From the Bull Pen: Smells like gold to me. Any wonder why crude oil shot up $6? The shift seems to be for assets that are real. Bulls can consider ASA (ASA) with a sell stop below $55. It's been mentioned on the Buzz, but for those unfamiliar, this is a closed-end fund of primarily gold miners.

From the Bear Cave: We've talked about the headwinds the consumers will face and the picture looks increasingly bleak. Bears can consider downside plays in stocks like Coach (COH) with a stop above $31 or $32.
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No positions in stocks mentioned.

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