There was big weekened news before markets opened, Fed will rescue Fannie(FNM) and Freddie and stock futures just shot-up and so were FNM, FRE and Lehman (LEH).

According to Market watch story, the White House and Federal Reserve moved to give the mortgage giants the capital they need to survive the depression in the housing market [...]

This was not an easy month. In fact a very tough month. I mentioned to subscribers that this was the worst June for Dow in nearly 70 years and If we gain this month, or rather even break-even including our commission, at least, I will consider this a cause for celebration.
For me, preserving capital overrides [...]

Mortgage lenders Fannie Mae (FNM) and Freddie Mac (FRE) are “insolvent” and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg. Guess what, this is what I wrote on 10 December’07
Delta Financials (DFC) just filed for Bankruptcy. My third encounter with [...]

It was not too long ago when I mentioned that once June is gone, we may see pull back in commodities. And guess what, it’s been only a few days and DBC is hammered badly. Is it only a temporary set-back or long term, let’s see?

Markets have been pretty tough and remaining on sidelines with [...]

If you are looking for a qick list of the stock showing gapping activity, here is a list for both up and down:

Gapping Up: CALM, DRYS, AAPL, APPX, BCE, FXI
Gapping Down: TEVA, GSK, BHP, GLD AAUK, DIS, MRK, MI, ABX, APKT

Most of the Asian markets closed higher. Particularly China , Hong Kong and Japan, all [...]