gud fer ya ... look it was a crazy week last week it should fare out all rite from here on ........

ya me too loged out of icici.............this is bullshit........

Ya I think that fOOtsi is oversold 2 much............

INDEX VALUE CHANGE OPEN HIGH LOW TIME
DJIA INDEX 11,504.00 277.00 11,317.00 11,505.00 11,317.00 23:32
S&P 500 1,278.30 37.20 1,257.60 1,278.50 1,257.60 23:32
NASDAQ 100 1,811.25 41.25 1,789.50 1,811.25 1,789.50 23:32
S&P/TSE 60 766.70 2.90 759.90 770.70 747.70 09/05
------------------------------------------------------------------------

dow futures are building up folks....up 277 now...NAZ up 41......TSX up just 2 points........ it shows comedies are melting further........... how sweet........lol...

Companies have struggled as credit has gotten more expensive -- or impossible to obtain. Chrysler Financial, for example, was recently only able to renew $24 billion of its $30 billion in credit lines, while the clothing retailer Steve & Barry's LLC blamed its inability to borrow money as it sought bankruptcy court protection in July.

A big reason for the volatility had been the uncertainty over the fate of Fannie Mae and Freddie Mac, which the U.S. Treasury placed into a conservatorship.

"The clarity and certainty it will provide to the status of the two institutions should have a stabilizing effect on the markets, banking system and the mortgage industry," Federal Insurance Deposit Corp. Chairman Sheila C. Bair said in a statement.

The bailout itself does have its negatives -- notably, diluting Fannie's and Freddie's common and preferred shares to near-worthless levels.

However, those securities have plummeted so much over the past year that holders have already seen the bulk of their losses. Moreover, the FDIC's Bair pointed out that only a few small institutions have significant exposure to Fannie and Freddie's stock, and that regulators will work closely with those banks to develop capital-restoration plans.

Questions remain about whether financial institutions are valuing their debt-related assets correctly, according to Westwood Capital's Alpert.

But the government's decision to inject more money into the debt market -- a multi-trillion-dollar source of funding for the world's businesses -- by buying Fannie and Freddie securities should help stanch bank's losses. Soaring mortgage defaults led to a seize-up last summer in the debt market that has only worsened as home prices have continued to fall. The credit crisis has caused the financial industry to write down the value of its assets by more than $300 billion, and lose hundreds of billions of dollars more in actual credit losses.

However, Alpert added, it will take more than a bailout of Fannie and Freddie to fix the housing crisis, caused by several years of loose lending standards that let people put very little money down to buy a home. He said the move might modestly reduce mortgage rates for potential homebuyers, but that "mortgage rates aren't really the issue."

The economy has lost jobs for eight straight months.

"You don't buy houses if you don't have confidence," said Krosby, who said the market will likely view the Treasury's takeover as a positive move but not a cure-all.

"This is an important step, but it has be part of an overall program to get buyers to come in and step into the housing market," he said. "You're going to need other elements, other packages, to get it going again."
...

AP
Wall Street may cheer Fannie, Freddie bailout
Sunday September 7, 6:55 pm ET
By Madlen Read, AP Business Writer
Wall Street may cheer if Fannie, Freddie bailout reduces market volatility

NEW YORK (AP) -- Wall Street finally got what it\\`s been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.

ADVERTISEMENT
Overall, the move is a positive for banks around the world, including Citigroup Inc., Merrill Lynch & Co. and UBS AG that invested in U.S. mortgages, according to Daniel Alpert, managing director at the investment bank Westwood Capital. And in electronic trading Sunday evening, futures for the major U.S. stock indexes all rose about 2 percent.

\\\\...

Asian Stocks, U.S. Futures Rally on Fannie, Freddie Takeover

By Patrick Rial and Shani Raja
More Photos/Details

Sept. 8 (Bloomberg) -- Asian stocks surged the most in eight months and U.S. futures jumped after the U.S. government seized control of Fannie Mae and Freddie Mac, shoring up global financial markets reeling from more than $500 billion in credit losses.

Mizuho Financial Group Inc. and Macquarie Group Ltd. rose more than 10 percent after the bailout of the two-biggest U.S. mortgage guarantors lowered credit risk. Toyota Motor Corp. led exporters higher with a 3.8 percent advance after the yen weakened as investors sought higher-yielding assets on speculation the move will help revive growth in the world's biggest economy.

``It draws a line under the recent problems,'' said Nader Naeimi, a Sydney-based senior investment strategist at AMP Capital Investors, which manages about $108 billion. ``It's very positive for the banking sector in particular, which has been beaten down quite badly.''

The MSCI Asia Pacific Index climbed 4.3 percent to 121.84 as of 10:55 a.m. in Tokyo, with financial companies accounting for almost half of that gain. The measure on Friday closed at its lowest level since June 13, 2006.

Japan's Nikkei 225 Stock Average rose 3.5 percent to 12,642.41 as Mizuho, the nation's second-largest listed bank, soared as much as 11 percent to 458,000 yen.

Taiwan's Taiex Index jumped 5.5 percent for the biggest gain in Asia on speculation the government may take action to boost stock prices and consumer spending. All Asian markets advanced.

More than $17 trillion in global equity value has been wiped out since October as the credit crisis and U.S. housing recession dragged economies worldwide. Investors had worried failures by Fannie and Freddie, which hold more than $1.5 trillion in assets and almost the same amount of debt, would spark further losses at financial institutions around the world.

Futures Jump

S&P 500 futures expiring in September climbed 2.6 percent to 1,273.80, the steepest advance since Aug. 5.

Macquarie, Australia's biggest investment bank which had lost 45 percent of its value this year to the end of last week, rose 8.9 percent to A$45.72. Woori Finance Holdings Co., which control's South Korea's second-largest bank, advanced 14 percent to 14,950 won, the steepest advance since July 21.

The cost to protect Asia-Pacific corporate bonds from default fell by the most in about five months, credit-default swaps show.

Nomura Holdings Inc., Japan's biggest investment bank, advanced 7.8 percent to 1,474 yen after the Yomiuri newspaper said on Sept. 6 the company may bid for a stake in Lehman Brothers Holdings Inc. Orix Corp., Japan's biggest leasing company, rallied 12 percent for the biggest gain in three years to 13,340, paring its loss for the year to 30 percent. ...

But with NSG, GLOBAL CUES and stabilizing inflation we cannot scale beyond 180 points on nifty, so tomorrow will we really rally if dow rallies today... dow might rally first half but may not second half as the bail out for fannie and freddie also means they are so fragile. Anyway i will but one put tomorrow.. just bought one today....

religare trading site is good....

Is all the trading sites stopped responding now, or only ICICI?...

You will see a spurt in European markets also today, wait for the 3 % or 4 % gain everywhere.....

Companies have struggled as credit has gotten more expensive -- or impossible to obtain. Chrysler Financial, for example, was recently only able to renew $24 billion of its $30 billion in credit lines, while the clothing retailer Steve & Barry's LLC blamed its inability to borrow money as it sought bankruptcy court protection in July. A big reason for the volatility had been the uncertainty over the fate of Fannie Mae and Freddie Mac, which the U.S. Treasury placed into a conservatorship. "The clarity and certainty it will provide to the status of the two institutions should have a stabilizing effect on the markets, banking system and the mortgage industry," Federal Insurance Deposit Corp. Chairman Sheila C. Bair said in a statement. The bailout itself does have its negatives -- notably, diluting Fannie's and Freddie's common and preferred shares to near-worthless levels. However, those securities have plummeted so much over the past year that holders have already seen the bulk of their losses. Moreover, the FDIC's Bair pointed out that only a few small institutions have significant exposure to Fannie and Freddie's stock, and that regulators will work closely with those banks to develop capital-restoration plans. Questions remain about whether financial institutions are valuing their debt-related assets correctly, according to Westwood Capital's Alpert. But the government's decision to inject more money into the debt market -- a multi-trillion-dollar source of funding for the world's businesses -- by buying Fannie and Freddie securities should help stanch bank's losses. Soaring mortgage defaults led to a seize-up last summer in the debt market that has only worsened as home prices have continued to fall. The credit crisis has caused the financial industry to write down the value of its assets by more than $300 billion, and lose hundreds of billions of dollars more in actual credit losses. However, Alpert added, it will take more than a bailout of Fannie and Freddie to fix the housing crisis, caused by several years of loose lending standards that let people put very little money down to buy a home. He said the move might modestly reduce mortgage rates for potential homebuyers, but that "mortgage rates aren't really the issue." The economy has lost jobs for eight straight months. "You don't buy houses if you don't have confidence," said Krosby, who said the market will likely view the Treasury's takeover as a positive move but not a cure-all. "This is an important step, but it has be part of an overall program to get buyers to come in and step into the housing market," he said. "You're going to need other elements, other packages, to get it going again." ...

My goodness we are up 212 poinnts in sgx now, ( at 4580 ) http : // stquote . sgx . com /live/dt/DTFuture . asp?INFE remove the spaces and punch this one...

SGX trading at 4,533.0 +165.0 ( Up nearly 4 %), and DOW futures show 250 points means we will be in the green on tuesday also......