Well, any plan that involves mortgages can’t be all good. The government picking up anything mortgage related will stick it to the taxpayers in the eventually the debt sours. Stocks are back down after yesterday’s rally. No surprise there.

Wall Street’s euphoria over a $200 billion plan from the Federal Reserve turned to caution Wednesday, leading stocks to retreat a day after their biggest rally in more than five years.

Investors largely regard the plan the Fed announced Tuesday to lend Treasurys in exchange for debt tied to mortgages as an innovative means of bringing some relief to the tight credit markets.

…According to preliminary calculations, the Dow fell 46.57, or 0.38 percent, to 12,110.24. It initially dipped, shot up more than 140 points, then dropped again. On Tuesday, the Dow surged 416 points, the blue chips’ biggest one-day point gain since 2002.

OK, not so good, course even with Tuesday’s big gain, stocks are down about 2000 points over their long term high. Not much change compared to a week ago even. And even more gloomy data will be released later in the week so expect stocks to not go up.

Why do I write about the economy so much? Simple, I expect it to tank and tank big. Wonder what will happen then. Oh the fun it will be to watch. Almost as much fun as watching Hillary and Obama fight it out. Almost.