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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (30760)	3/11/2008 8:55:23 AM
From: carranza2	Read Replies (2) \| Respond to of 220034

Fed to the rescue. Good for gold, I should think, bad for SKF: bloomberg.com March 11 (Bloomberg) -- U.S. stock-index futures rallied after the Federal Reserve announced plans to lend up to $200 billion through a new lending tool. Standard & Poor's 500 Index futures expiring in March climbed 20.3 points, or 1.6 percent, to 1,295.9 at 8:35 a.m. in New York. Dow Jones Industrial Average futures added 163 to 11,942. Nasdaq-100 Index futures added 15 to 1,691.75. ``Providing additional liquidity to help markets start to operate again is exactly what the Fed and other central banks should be doing,'' said Piers Hillier, head of European equities at WestLB Mellon Asset Management U.K. in London, which oversees $35 billion. The S&P 500 is down almost 19 percent from its Oct. 9 record amid growing concern that the economy will slip into a recession after banks posted $188 billion in subprime-related losses and analysts forecast earnings for members of the index will decline this quarter and next. To contact the reporter on this story: Eric Martin in New York at emartin21@bloomberg.net.