Top Stories to Begin the day-

President-electBarack Obama told House SpeakerNancy Pelosi he favors a price tag of about $775 billion for the U.S. economic stimulus plan, a Democratic aide said.
European stock-index futures rose, indicating the Dow Jones Stoxx 600 Index may extend a five-day rally, as government efforts to revive the global economy overshadowed a [...]

Last Trading day of year 2008! Let’s see what does markets bring today. There was a spending cut by Santa as well (except yesterday) else during this period that is typically termed as “Santa Rally” going into initial few days of Christmas won’t be so dull. The rally was good from % standpoint but the [...]

The news is not getting better, rather gloomier day after day (which is BTW also one of the contrarian indicator of bottoming markets). According to Wall Street Journal, investors pulled out record amounts $72 billion from stock funds overall in October alone.
One of the hallmarks of the long market downturns in the 1930s and the [...]

Here are the top breaking stories  of the day-

Nikkei jumps 5.2 pct on US automakers bailout hope, Singapore and Hong Kong closed nearly +2%, India almost +1.5% while China was nearly flat.
Federal investigators working through the weekend to unravel Bernard Madoff’s alleged $50 billion Ponzi scheme found evidence he ran an unregistered money-management business alongside [...]

Asia rallied, Europe is up and so is the US Indices futures. Markets are buoyed by the “stimulus plans” all around the world but mainly from US President-elect Obama’s supposedly largest spending on infrastructure since the 1950s to revive the economy. Dr Copper is up and so is the Oil and gold. US$$ is weakening [...]