With pretty much every nation of relevance in the western world deciding to guarantee interbank loans, the market is probably going to boom today.
This should increase the survivability of those businesses that require rolling credit for their operations, and the price of stocks today makes them a bit of a value.
I'm probably a day late closing out "short positions" via EEV, EFU, FXP, and SZK.
That said, I'm still bearish on the economy. I expect to buy back into SZK and FXP after they get hammered today. The US consumer spent the past decade or so being the driver of the economy, and they're doing lousy. It seems to me that when the US buys less unnecessary junk, the economies that supply it will suffer.