BEAR DEAD?

Today's dramatic reversal could be turning point in market, we ALL would like to know that.

Could be one day wonder? OPEX FRI coming could be wild....VIX 41 was KEY today, too high it will come back I am thinking to 20 area to reload.

http://money.cnn.com/news/newsfeeds/articles/djf500/200809181415DOWJONESDJONLINE000837_FORTUNE5.htm
List of Banks etc exposed to FANNIE MAE

THIS REPORT SPARKED THE MARKET
http://biz.yahoo.com/ap/080918/wall_street.html

The report that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution Trust Corp. that was set up during the savings and loan crisis of the late 1980s and early 1990s left previously solemn investors ebullient. Wall Street hoped a huge federal intervention could help financial institutions jettison bad mortgage debt and stop the drain on capital that has already taken down companies including Bear Stearns Cos. and Lehman Brothers Holdings Inc.

"It's going to take a lot of the bad debt off the balance sheets of these companies," said Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York, commenting on the possibilities of an entity akin to the RTC. It could alleviate many of the pressures causing the credit crisis, he said, and reopen moribund credit markets. But Fullman noted, "the devil's in the details."
"Bear markets are very sensitive to news. And on a scale of 1 to 10, this one is a 13," he said of the report.

WE RALLIED ON HOPE? WE SUSTAIN WITH NCREASED BUYING ENTHUSIASM, so lets see how she goes.

Duratek