Financial crisis: US stock markets suffer worst week on record

US stock markets have suffered their worst week on record following another torrid day of trading despite growing hopes that the government could step in to guarantee bank deposits and lending between financial institutions.

Bush: Serious crisis needs serious global response

WASHINGTON (MarketWatch) — President Bush urged global finance leaders on Saturday to work together on plans to fix “the serious global crisis” in credit markets. “We’re in this together.

Stock Market meltdown, Global problem, global cure

Investing experts say Europe needs to address its banking problems to get markets back on track - but stocks may almost be cheap enough to attract more foreign cash.Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout.

In fact, several large financial institutions [...]

The bottom is still to come in Stock Market, says one market timing indicator

Market timing converts:
Commentary: Stock Market Timing Popularity Indicator says bottom not yet at hand. Earlier this week, in reporting that contrarians did not believe the market had bottomed, I suggested that “When genuine capitulation finally takes place, few will recognize it as such at the time.”

U.S. stocks tank into the close, Dow marks 3rd-largest point loss in stock market crash

U.S. stock market indexes slammed as GM, financials hit. Dow industrials down over 5,500 points, or 39%, from year-ago peak. U.S. stocks on Thursday sprinted to fresh five-year lows, with the major indexes slammed for a seventh straight session as financial shares and General Motors Corp. tanked and global credit woes spurred panic-stricken investors to [...]

Stock market sentiment may be changing

Bullish double bottoms for Dow, TSX in the stock market. It appears that following several days of heavy selling pressure and yesterday’s big intraday battle between bulls and bears, markets appear to be stabilizing today. Earlier in the week, steep downdrafts suggested that there still may have been quite a bit of capitulation selling and forced [...]

Markets show no signs of bottom

“Buying stocks is a one-way ticket to the poor house in Stock Market Today .”

US Government takes over mortgage giants

By Martin Crutsinger and Alan Zibel, AP Business Writers
US Government seizes control of mortgage giants Fannie Mae and Freddie Mac
WASHINGTON (AP) — The Bush administration’s seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.
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The historic move [...]