Confused

The market's up 223 points while I'm writing this, completely ignoring a payroll report showing -600k jobs and unemployment up to 7.6%. Everyone wants to be in the market over the weekend, as the Senate says they'll pass something tonight, and Geithner is supposed to announce the "big bang" bailout on Monday.

Now I've laughed through much bigger losses before. What's different today is that I can see what's happening now, namely, good news and expectations of good news. The Baltic Dry Index is up again. US Steel +11%, CLF +14%, the moves are enormous. What is different is that I don't have a clear picture of the future to compete with my sense of the current market.

Part of me wants to be contrarian and short the market more just because expectations for Monday are probably too high. The other part of me says that when you can't see, you should slow down, which would entail taking a loss on SDS, for example.

I need to get a read on the long term, and if I don't I will need to make decisions very quickly, and try to adjust my strategy to a much shorter term.

The biggest questions I have are: Is the bailout enough, and what will the side effects be?