Buy on rumours, sell on news, again?

Market is watching and waiting on today's bank bailout plan, and stimulus package result... the old saying pop up my mind again: buy on rumous, sell on news. I less worried for my positions on US market as they are "well" hedged. after all, my bias is bearish. in fact most of ppl said to me they are bearished too, then i start to a bit worried in my mind--if most of time market just doesn't follow what we think, then what it should be this time, going up? what a contrarian thinking...tired. let's see it.