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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (81751)	10/10/2008 4:10:31 PM
From: sandeep	Read Replies (2) \| Respond to of 94695

Just can't sustain a rally. Would have been nice for it to continue till 4pm... Now, it looks like an ABC correction up from the bottom. If G7 doesn't do anything good this weekend, the market would collapse to the lows for the century on Monday.

To: GROUND ZERO™ who wrote (81751)	10/10/2008 6:56:54 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 94695

Paulson gives new detail of bank ownership plan By Greg Robb Last update: 6:40 p.m. EDT Oct. 10, 2008Comments: 15 WASHINGTON (MarketWatch) -- Treasury Secretary Henry Paulson on Friday gave some new details of the emerging plans by the federal government to inject capital directly into a "broad array" of financial firms. In a statement after the G7 meeting, Paulson said that officials are working on a "standardized program that is open to a broad array of financial institutions." The plan is to attract private capital to complement the government's funds, he said. Paulson went out of his way to say existing shareholders would be protected, saying the government would only make the purchases through a "broadly available equity program" without any voting power, "except with the market standard terms to protect our rights as investors." Link: marketwatch.com