2008 LEARNING YEAR



2009 EARNING YEAR

HAPPY NEW YEAR

TO

ALL MY FAMILY MEMEMBERS,


FRIENDS & FOLLOWERS

STOCK MARKET FORECAST BY KPASTROAKELLA

Dear followers ,

yesterday i have given 29,30,31 December market view. yesterday my breaking point 2810 not broken, nifty made low 2812. again markets bounced back. upside 2910 broken.and made high 2942.

according to breaking points and planetary significance, nifty open doors for 3100+ level.i hope 2009-January -1st week will be bullish trend according to planetary good significance. lets see.what will be happens.

have a nice day.

kpastroakella

STOCK MARKET FORECAST BY KPASTROAKELLA

Nifty for December 29th,30th,31st-

According to planetary significance nifty will stay between 2750-2950.upto end of this year.

if nifty breaks down side 2810 ..then next figs 2780… 2750.if .2743.also breaks next down side 2600.

upside: 2910 breaks next 2926..2950..2960..

these are all astrological expectations.

kpastroakella

NOTE:— Any decisions in financial markets are solely the
responsibility of the reader, and neither the author nor the
publishers assume any responsibility at all for those individual

STOCK MARKET FORECAST BY KPASTROAKELLA

Happy New Year & 73 rd Birthday wishes to Mr.RATAN TATA .(DOB:28/12/1936)




"MAY GOD BLESS U RATAN JI"

ESWAR
STOCK MARKET FORECAST BY KPASTROAKELLA

Brihaspati: The guru of the gods, and lord of the planet Jupiter will bless u all .




STOCK MARKET FORECAST BY KPASTROAKELLA

breaking points

Dear blog followers &my group members,

my expected breaking points for nifty and sensex crossed.see for breaking points in previous post.

now take care about ur positional s.any thing happens at this levels.the planetary transits are very critical to analyzes the matters.Mars and Pluto conjunction will not give any correct clue abt markets trend at this time. bcoz of MARS&Pluto exact conjunction.

plz don’t blame any financial astrologers.if any thing go wrong in their predictions.

regards

kpastroakella

http://niftyastrology.blog.co.in/

STOCK MARKET FORECAST BY KPASTROAKELLA

All world markets turn into red very soon . MARS ingress in Capricorn on 27th. conjunction with Pluto ,its not a good time for global markets. And SOME worst happenings on globe not ruled out.

dear friends&followers how can i say 2009 happy new year wishes ?????

but i can pray for u all.....................


STOCK MARKET FORECAST BY KPASTROAKELLA

Indian markets:NSE&BSE

nifty may test 3050. if nifty breaks 2980 the next bottom level 2750-2800.

sensex if breaks 9430 ,the next bottom level 8400-8600.we can expect this before end of this year.

STOCK MARKET FORECAST BY KPASTROAKELLA

sun ,pluto conjunction

Markets may slip again.

My last week expected nifty points reached.But still one day left for
upward trend. today SUN exact conjunction with PLUTO takes place by
evening.SUN semi-sextile with Jupiter over.but MARS &JUPITER semi-
sextile is there.which is showing some minor upward trend in Indian
markets today after opening. but i am not expecting any major up in
nifty.nifty may slips again on 23rd or 24 .

MOON transiting in Libra in the star of RAHU ,volatile in markets
after noon.

Either 23rd or 24th heavy selling may takes place in NSE.

CRUDE gets support at $30-$34 between.

Buy silver with long term view.silver may reach $18 once again in 2009.
kpAak

NOTE:— Any decisions in financial markets are solely the
responsibility of the reader, and neither the author nor the
publishers assume any responsibility at all for those individual
decisions

STOCK MARKET FORECAST BY KPASTROAKELLA

mars ingress on 26th Dec in capricon

STOCK MARKET FORECAST BY KPASTROAKELLA

HAPPY WEEK END.

WEEK END TRADE

BOOK LONGS ONCE .

FILL UR BAGS WITH PROFITS .

GO HOME AND ENJOY HOLIDAYS.

WE WILL MEET U ON MONDAY MARKET HRS.


HAPPY WEEK END.

ESWAR




STOCK MARKET FORECAST BY KPASTROAKELLA

HAPPY WEEK END.

Dhanvantari: The physician of the gods.





STOCK MARKET FORECAST BY KPASTROAKELLA

Crude falls below $40 pbbl.

Remember my October 26 th article .i am suspected that if Jupiter do miracles oil will be reach $25,and gold will be $650.but gold gained more $ from November lows $690.

now crude falls below $40.why not gold???? soon Gold also come down once again.

The stock markets moving upward gradually since last week.
i have given in my previous article that nifty(NSE INDIA) will REACH 2900-3100 LEVLS.TWICE IN THS WEEK NIFTY REACHED 3070 FIG.

I AM NOT EXPECTING FURTHER UPS IN INDIAN MARKETS FROM 22 DECEMBER.I AM EXPECTING A FALL FROM THIS 3100 LEVEL.

THE FALL MAY TAKES PLACE AT ANY TIME IN INDIAN MARKETS AS WELL AS WORLD MARKETS.EITHER 19TH DECEMBER OR 23RD&24TH DECEMBER. BECOZ OF MARS CONJUCTION WITH PLUTO. MARS ENTERS IN CAPRICORN ON 27TH DECEMBER. THIS CONJUNCTION INFLUENCE WILL BE START IN MARKETS BEFORE 5DAYS .SO I AM EXPECTING A SIGNIFICANT FALL IN STOCK MARKETS.

LETS SEE WHAT WILL BE THE RESULT .


STOCK MARKET FORECAST BY KPASTROAKELLA

I AM A LITTLE BIT BUSY WITH OBSERVING THE ZODIAC . MY VIEWS ON STOCK
MARKETS AS WELL AS GOLD,SILVER,CRUDE TRENDS FOR COMING WEEKS WILL
COME SOON IN THIS BLOG.

FOR PERSONAL HOROSCOPE READINGS CONTACT VIA MAIL .

kpastroakella@gmail.com

to know indian stockmarket trends join in my group: click on side bar link akella_astro_stock

STOCK MARKET FORECAST BY KPASTROAKELLA

JUP AND NODE

JUPITER CLOSER TO NODE(RAHU) .

WHAT IS THIS INFLUENCE ON BANKING SECTOR?

CAN WE EXPECT ANY BAD NEWS FROM FINANCIAL AS WELL AS BANKING SECTOR IN COMING WEEKS???

HOW MANY PPL WILL LOOSE JOBS IN BANKING SECTOR???/


STOCK MARKET FORECAST BY KPASTROAKELLA

Saturn and Uranus opposition,+Pluto transit in Capricorn...(natural 10thsign)....

Another 15,000 job cuts

Sony, Wyndham, Novellus, Danaher, NFL, Principal Financial are the latest companies to add to the dismal employment picture, bringing the December tally to about 50,000 job cuts.

*This article can also be accessed if you copy and paste the entire address below into your web browser.
http://money.cnn.com/2008/12/09/news/economy/job_cuts/index.htm?postversion=2008120914

Dow Chemical cuts 5,000 jobs, closes 20 plants

The Michigan chemical company will cut 11% of its workforce due to poor market conditions.

http://money.cnn.com/2008/12/08/news/companies/Dow_Chemicals.ap/index.htm?postversion=2008120809

STOCK MARKET FORECAST BY KPASTROAKELLA

GOD OF THE DAY-SOMA

GOD OF THE DAY " SOMA"

WILL GIVE COURAGE & CONFIDENCE TO INVESTORS & TRADERS.
MARKETS IN BULLISH MOOD ON MONDAY.


STOCK MARKET FORECAST BY KPASTROAKELLA

Job crisis: Oil ends at a 4 year low

Crude falls below $41 a barrel on fears of slowing U.S. demand after government reports worst monthly job losses since 1974.

STOCK MARKET FORECAST BY KPASTROAKELLA


Share

The effects of Saturn &Uranus opposition,retrograde Pluto transit inSagittarius and returns to Capricorn ....huge job losses..and more ..

...

witnesses:

Lost: 1.9 million jobs

The 2008 tally soars after payrolls shrink by 533,000 in November, the biggest one-month decline in nearly 34 years. Unemployment soars to 6.7%.

The economy shed 533,000 jobs in November, according to a government report Friday - bringing the year's total job losses to 1.9 million.

November had the largest monthly job loss total since December 1974.

General Motors to cut 2,000 more jobs

As the U.S. auto industry takes a beating on plunging car sales, the automaker says it will lay off more factory workers.

Avis cuts 2,200 jobs

Car rental company Avis Budget Group Inc. said Thursday that it has cut more than 2,200 jobs and taken other steps to meet its goal of reducing annual costs by $150 million to $200 million by the middle of 2009.

SEE MY ASTRO VIEWS ON JOB CUTS IN MY PREVIOUS ARITICLES.

news from cnnmoney
courtesy:cnn money

STOCK MARKET FORECAST BY KPASTROAKELLA


Share

according to Indian nirayana zodiac Jupiter transiting in 29* of Sagittarius, according to planetary transits if any planet transit in 29* of any sign ,at that time the transiting planets strength will be lose, hence .such a planet will not offer any good result at that time.and that planet's governering matters may effct at that time. now jupiter will be effect in this momment ,

so we can expect jupiter related sectors will be get some damage. like financial secotrs(Banks,insurence,mutual funds etc) and jupiters main metal gold should effects in this tranist. so we can expect a significant fall in GOLD price .

STOCK MARKET FORECAST BY KPASTROAKELLA


Share

bijili
venus lord of kama


STOCK MARKET FORECAST BY KPASTROAKELLA
www.worldastro.com

CRUDE MAY TEST $45.BELOW

IN MY PREVIOUS ARTICLE I HAVE GIVEN MY VIEWS ON CRUDE PRICE.



STOCK FORECASTS BY KPASTROAKELLA

markets are ready to bounce back

Stock markets are not going to meet Oct lows immediately. According to planetary positions in the zodiac markets may bounce back once from here ,will reach medium highs like nifty may reach 2900-3100 levels soon.And the world markets also turn into green . The overall planetary transits showing positive signals for stock markets up to 11th december...... again from 12 th or 15th markets may slip .
STOCK MARKET FORECAST BY KPASTROAKELLA

GOD OF WEALTH







STOCK MARKET FORECAST BY KPASTROAKELLA

pic from Gaby
http://www.astroworld.co.il/
http://www.astroworld.co.il/default.asp?iId=KDHLI










STOCK MARKET FORECAST BY KPASTROAKELLA

Chinese Astrology Animals

1924 - 1983 Element Animal 1984 - 2043 Feb 05 1924 - Jan 23 1925 Yang Wood Rat Feb 02 1984 - Feb 19 1985 Jan 24 1925 - Feb 11 1926 Yin Wood Ox Feb 20 1985 - Feb 08 1986 Feb 12 1926 - Feb 01 1927 Yang Fire Tiger Feb 09 1986 - Jan 28 1987 Feb 02 1927 - Jan 21 1928 Yin Fire Rabbit Jan 29 1987 - Feb 16 1988 Jan 22 1928 - Feb 08 1929 Yang Earth Dragon Feb 17 1988 - Feb 05 1989 Feb 09 1929 - Jan 28 1930 Yin Earth Snake Feb 06 1989 - Jan 26 1990 Jan 29 1930 - Feb 16 1931 Yang Metal Horse Jan 27 1990 - Feb 14 1991 Feb 17 1931 - Feb 05 1932 Yin Metal Sheep Feb 15 1991 - Feb 03 1992 Feb 06 1932 - Jan 24 1933 Yang Water Monkey Feb 04 1992 - Jan 22 1993 Jan 25 1933 - Feb 13 1934 Yin Water Rooster Jan 23 1993 - Feb 09 1994 Feb 14 1934 - Feb 02 1935 Yang Wood Dog Feb 10 1994 - Jan 30 1995 Feb 03 1935 - Jan 23 1936 Yin Wood Boar Jan 31 1995 - Feb 18 1996 Jan 24 1936 - Feb 10 1937 Yang Fire Rat Feb 19 1996 - Feb 06 1997 Feb 11 1937 - Jan 30 1938 Yin Fire Ox Feb 07 1997 - Jan 27 1998 Jan 31 1938 - Feb 18 1939 Yang Earth Tiger Jan 28 1998 - Feb 15 1999 Feb 19 1939 - Feb 07 1940 Yin Earth Rabbit Feb 16 1999 - Feb 04 2000 Feb 08 1940 - Jan 26 1941 Yang Metal Dragon Feb 05 2000 - Jan 23 2001 Jan 27 1941 - Feb 14 1942 Yin Metal Snake Jan 24 2001 - Feb 11 2002 Feb 15 1942 - Feb 03 1943 Yang Water Horse Feb 12 2002 - Jan 31 2003 Feb 04 1943 - Jan 24 1944 Yin Water Sheep Feb 01 2003 - Jan 21 2004 Jan 25 1944 - Feb 11 1945 Yang Wood Monkey Jan 22 2004 - Feb 08 2005 Feb 12 1945 - Feb 01 1946 Yin Wood Rooster Feb 09 2005 - Jan 28 2006 Feb 02 1946 - Jan 21 1947 Yang Fire Dog Jan 29 2006 - Feb 17 2007 Jan 22 1947 - Feb 09 1948 Yin Fire Boar Feb 18 2007 - Feb 06 2008 Feb 10 1948 - Jan 28 1949 Yang Earth Rat Feb 07 2008 - Jan 25 2009 Jan 29 1949 - Feb 15 1950 Yin Earth Ox Jan 26 2009 - Feb 13 2010 Feb 16 1950 - Feb 05 1951 Yang Metal Tiger Feb 14 2010 - Feb 02 2011 Feb 06 1951 - Jan 25 1952 Yin Metal Rabbit Feb 03 2011 - Jan 22 2012 Jan 26 1952 - Feb 13 1953 Yang Water Dragon Jan 23 2012 - Feb 09 2013 Feb 14 1953 - Feb 02 1954 Yin Water Snake Feb 10 2013 - Jan 30 2014 Feb 03 1954 - Jan 23 1955 Yang Wood Horse Jan 31 2014 - Feb 18 2015 Jan 24 1955 - Feb 10 1956 Yin Wood Sheep Feb 19 2015 - Feb 07 2016 Feb 11 1956 - Jan 29 1957 Yang Fire Monkey Feb 08 2016 - Jan 27 2017 Jan 30 1957 - Feb 17 1958 Yin Fire Rooster Jan 28 2017 - Feb 18 2018 Feb 18 1958 - Feb 06 1959 Yang Earth Dog Feb 19 2018 - Feb 04 2019 Feb 07 1959 - Jan 27 1960 Yin Earth Boar Feb 05 2019 - Jan 24 2020 Jan 28 1960 - Feb 14 1961 Yang Metal Rat Jan 25 2020 - Feb. 11 2021 Feb 15 1961 - Feb 04 1962 Yin Metal Ox Feb 12 2021 - Jan 31 2022 Feb 05 1962 - Jan 24 1963 Yang Water Tiger Feb 01 2022 - Jan 21 2023 Jan 25 1963 - Feb 12 1964 Yin Water Rabbit Jan 22 2023 - Feb 09 2024 Feb 13 1964 - Jan 31 1965 Yang Wood Dragon Feb 10 2024 - Jan 28 2025 Feb 01 1965 - Jan 20 1966 Yin Wood Snake Jan 29 2025 - Feb 16 2026 Jan 21 1966 - Feb 08 1967 Yang Fire Horse Feb 17 2026 - Feb 05 2027 Feb 09 1967 - Jan 29 1968 Yin Fire Sheep Feb 06 2027 - Jan 25 2028 Jan 30 1968 - Feb 15 1969 Yang Earth Monkey Jan 26 2028 - Feb 12 2029 Feb 16 1969 - Feb 05 1970 Yin Earth Rooster Feb 13 2029 - Feb 02 2030 Feb 06 1970 - Jan 25 1971 Yang Metal Dog Feb 03 2030 - Jan 22 2031 Jan 26 1971 - Feb 14 1972 Yin Metal Boar Jan 23 2031 - Feb 10 2032 Feb 15 1972 - Feb 02 1973 Yang Water Rat Feb 11 2032 - Jan 30 2033 Feb 03 1973 - Jan 23 1974 Yin Water Ox Jan 31 2033 - Feb 18 2034 Jan 24 1974 - Feb 10 1975 Yang Wood Tiger Feb 19 2034 - Feb 07 2035 Feb 11 1975 - Jan 30 1976 Yin Wood Rabbit Feb 08 2035 - Jan 27 2036 Jan 31 1976 - Feb 17 1977 Yang Fire Dragon Jan 28 2036 - Feb 14 2037 Feb 18 1977 - Feb 06 1978 Yin Fire Snake Feb 15 2037 - Feb 03 2038 Feb 07 1978 - Jan 27 1979 Yang Earth Horse Feb 04 2038 - Jan 23 2039 Jan 28 1979 - Feb 15 1980 Yin Earth Sheep Jan 24 2039 - Feb 11 2040 Feb 16 1980 - Feb 04 1981 Yang Metal Monkey Feb 12 2040 - Jan 31 2041 Feb 05 1981 - Jan 24 1982 Yin Metal Rooster Feb 01 2041 - Jan 21 2042 Jan 25 1982 - Feb 12 1983 Yang Water Dog Jan 22 2042 - Feb 09 2043 Feb 13 1983 - Feb 01 1984 Yin Water Boar Feb 10 2043 - Jan 29 2044

VENUS and TEXTILE INDUSTRY

THE VENUS &PLUTO CONJUNCTION ,EFFECTED MANY EMPLOYMENT IN "IT" SECTOR . THE ANOTHER IMP SECTOR "TEXTILE INDUSTRY" ALSO COMES UNDER THE INFLUENCE OF VENUS .

Now Venus transiting in Capricorn ,and moving close to Node .and aspect by Uranus.the transit of Pluto also in Capricorn.And Jupiter also transiting in his debilitated sign Capricorn, Venus continuously loosing powers.and Capricorn is natural 10Th house.Aquarius is 10 Th house for Indian horoscope.The VENUS conjunction with NODE in 10Th house may effects TEXTILE INDUSTRY also.

VENUS transit in Capricorn and Aquarius and receiving aspects from Uranus as well as conjunction with NODE(in coming days) , natural 10Th sign lord Saturn transit in Venus's debilitated sign Virgo,and opposition with Uranus may effects the textile industrial jobs. textile business slips in this period.

i have already mentioned in my previous article ,Pluto's transit in Capricorn(in natural 10Th sign) effects many jobs in different sectors world wide.Now in textile industry also. Not only in IT and TEXTILE,in other sectors also which are governed by VENUS ,SATURN(Automobile,oil,etc..), JUPITER (banking&financial ,educational institutes.. etc.. ) will get effected in this Pluto's transit in Capricorn.

STOCK MARKET FORECAST BY KPASTROAKELLA

breaking news

Boeing cuts 800 Kansas jobs

the AIR PLANE MAKER WILL GIVE LAYOFF NOTICES to some job holders on Friday

STOCK MARKET FORECAST BY KPASTROAKELLA

stock market vs planets

In the natural zodiac SUN moving close to Pluto.this conjunction may plunges the stock markets world wide.In the natural zodiac sun is the lord of 5th sign which represents speculation in stocks,and Pluto the death and dead planet more powerful in Capricorn(according to me Pluto entered in Capricorn on 10th November, but according to Westerns Pluto enters in capricorn on 26th november).The sun &pluto close aspects(30*) makes fear in speculators /investors/traders in stock markets.And bussiness lord mercury transiting in scorpio along with Sun.Sun was at 28*/29*scorpio.in my previous article i said that if any planet transit at 29*will offers worst to those related signs matters and those planetary governering matters.And NODE transiting in AQUARIOUS.Which is the 11th sign in natural zodiac, this Node aspecting 5th sign LEO.BOTH 5TH &11TH HOUSE matters will be spoil at this time. 11th house represents, the fulfilment of desires and all gains comes under this sign. The malefic Node transit will cut public gains as well as public happyness.

Now all planets in between two Nodes(except Uranus&Neptune). which is called KALASARPA DOSHA.So the between planets will be losses their strength.they will not offer any good results at this time. but the other malefic planets like, pluto, uranus, mars gains strength at this time.

i was already told in my previous articles,the reasons for job cuts according to astrology.plz see my previous articles.i am expecting more job cuttings in defferent sectors world wide.bcoz of saturn&uranus oppostion aspects and PLUTO TRANSIT IN CAPRICORN(natural 10th sign).

now sun 30* aspect with pluto will be creates more worst in stock markets immidiatly,today the world markets may face huge falls once again.

more results will be come in my next posting.


REGARDS
ESWAR

STOCK MARKET FORECAST BY KPASTROAKELLA

stock market forecast :Pluto vs job cuts

In my 6th Nov 08 article i have expressed my astro views on Pluto's transit in Capricorn.
Capricorn the natural 10th sign in the zodiac.which represents public employment .the death planet Pluto transit in this sign effects the public employment.i was suspected more job cuts worldwide .
On Friday sun micro announced 6,000 job cuts.(see Venus &Pluto conjunction article)
Now on Monday citigroup has taken a decision to layoff more than 50,000 workers.

The weak Asc lord Venus &10th lord saturn

The Indian IT companies might be announce more job cuts .may be in a couple of weeks many IT employers will be lose their jobs.

not only in IT sector. saturn rules automobile. the automobile sector also facing this problems.

Jupiter&node moving closer..... what is the next damage in financial sector????

will be come ....in my next posting

STOCK MARKET FORECAST BY KPASTROAKELLA

Saturn

Oil ends at 21-month low

Crude ends below $55 a barrel Monday as the world's second-largest economy enters a recession, deepening fears that demand for oil will continue to sink.

oil may reach $50 soon.in my previous article,i have explained that Uranus vs Saturn opposition aspects .The Saturn become weak.Saturn represents crude .so the demand will be low.the oil price will come down.

in my 11 th November 08 post i said that Venus&Pluto conjunction more job cuts in IT sector.
see

Sun to Lay Off up to 6,000 Workers

Sun Microsystems on Friday announced a restructuring of the company that will include laying off up to 18 percent of its work force, reports The New York Times.

Cutting up to 6,000 jobs will save the company $700 million to $800 million a year, but the company plans to take up to $600 million in charges in the next 12 months. Though the cuts will be worldwide, the U.S. layoffs are expected in Sun’s fiscal third quarter, according to Bloomberg.

The Times says the structuring includes a shakeup in management of the troubled company. NetworkWorld says two new business units will be formed, along with a new group within Sun’s Systems business.

Sun last month posted its second loss in three quarters. Its stock is down 77 percent for the year.

Posted by Susan Hall on November 14, 2008 at 10:34 am in itbusinessedge.com

links:

http://www.itbusinessedge.com/blogs/hdw/?p=3588

courtesy:SUSAN HALL &IT BUSINESS EDGE

Eswar

STOCK MARKET FORECAST BY KPASTROAKELLA

BREAKING
NEWS
Oil settles up $2.08 to $58.24 a barrel, rebounding more than $3.50 from its low below $55. More soon.
STOCK MARKET FORECAST BY KPASTROAKELLA

VENUS&PLUTO conjuction

VENUS&PLUTO conjunction more job cuts in IT sector soon.

The death planet PLUTO and lord of IT sector VENUS conjunction not so far good for IT sector.the ultimate result will be more job cuts in IT sector throughout the world.This effect may be high in Indian IT companies. Because the India's Ascendant lord is Venus.and 10th lord Saturn effected by Uranus.



STOCK MARKET FORECAST BY KPASTROAKELLA

Stock Market Forecast

The Goddess of the river ganges.

hi friends,
since 4dyas i am not attending to markets.some busy with my personal works . hope all are well.

Pluto's immediate result in Capricorn:in my previous post i told.yesterday Pluto entered in Capricorn,DHL announces 9,500 JOB CUTS .

see link for more details.

http://money.cnn.com/2008/11/10/news/companies/dhl/index.htm?postversion/

After completing my own works, i will be continue my astro services.

thank u every one
Eswar

STOCK MARKET FORECAST BY KPASTROAKELLA

Dear followers,

in my last posts i have expressed my views on stock markets .The Indian markets bounced back after reaching their bottoms. the BSE sen sex went up to 7750(approximately), on same day the markets started recovery. again gained nearly 3k points in sen-sex. nifty also seen 2250 levels, after that nearly 1000 points recovery taken place. in my last posts i have given after 6th Nov only markets will be in recovery position. but the results are coming in advance. approximately 5days before the planetary results applying, but my all astrological expectations came true . my expected bottom levels reached once.

after some more astrological observation , the Jupiter (financial lord), not getting strength in this month also. and Venus moving towards Pluto. and Pluto transit in Capricorn, some how bad to markets. on 9th Pluto enters in Capricorn. some major changes will be occurs in the world. its not a positive significance according to me. bcoz the natural 10th house is Capricorn. which represents. public employment globally. the death planet Pluto transit in this sign not good for job holders. more pain ful days for unemployment.Many companies would be cut jobs in this time.the financial lord also enters in Capricorn (according to indian nirayana) in DEC 2nd week. and his conjunction with node in Capricorn(in nirayana zodiac), more economical problems will be face by world. and now Saturn's separating aspect with Uranus was started. some relief for markets. from 20th November. before that markets will not get good support from investors.

up to 20th November stay away from markets. there is some uncertainty in markets up to that day. Now crude trading at $60which is expected by me earlier.if crude not get support at this point more fall indicating according to crude charts.it may reach up to$50 in coming days.and i have some doubt also.the Jupiter conjunction with rahu,&Saturn separation aspects with uranus may offers crude price more down side likely $25.per barrel.let us see what will be happens in crude price in coming days.

take care all

next posting will come soon.

STOCK MARKET FORECAST BY KPASTROAKELLA

''If You Salute Your Duty, You Need Not Salute Anybody, But If You Pollute Your Duty, You Have To Salute everybody''

STOCK MARKET FORECAST BY KPASTROAKELLA

good morning all. Mr OBAMA ELECTED AS A NEXT PRESIDENTIAL CANDIDATE TO USA.

SO what next. will markets gain again? will markets recover Oct losses?whats ur opinion?

my astrological answer: certainly negative
.On 9th Pluto enters into Capricorn, which is 7th sign to US horoscope, i don't think its a positive sign to US. more financial crises will take place in US. The $ value may decrease with compare to global currencies.The public revolution may start , when transit of the Pluto in Capricorn . more results will be come in my blogs soon.becare all, the Pluto transit in Capricorn, the node transit in Aquarius,Saturn opposition with Uranus,the conjunction of Jupiter& rahu is not so far good for stock markets.the basic symptoms will be start on 11th to 20 th between .markets may go down again .

STOCK MARKET FORECAST BY KPASTROAKELLA

OBAMA OR MABUS ????

dear Gaby, hope fine

OBAMA wins in this election, but he may face more painful days in 2009,bcoz the Pluto transit in Capricorn, which is 7th to US Asc cancer. the Pluto transit in this area creates some worst in economy. as well as , the opponents will strengthen.which also creates public revolutions.The US may not get global support in 2009.the PLUTO transit in Capricorn, which is 10th house in natural zodiac ,also called "karmasthan" in Indian astrological language.which represents the employment to public. but the death planet PLUTO transit in this area, may not be good,for EMPLOYMENT. the coming 13yrs globally some bad days for PUBLIC EMPLOYMENT, again unemployment ratio will increase.the mars transit in Capricorn may produce some evil results to US. the Pluto &mars conjunction in Capricorn may lead wars or mass deaths by natural calamities.At the same time the Defense activities(military) may increase globally.

According to French astrologer ,"Nostradamus views the 3rd world war may be linked with the historical man "MA BUS" OR MABOS by the name .

OBAMA,=O BA MA = 3 WORDS

IF WE REVERSE IT THEN : MA BA O.

ONLY ONE LETTER DEFERENCE.

REPLACE" O" WITH "S', THEN WE WILL GET "MABAS".

OR IF WE REPLACE 'O' WITH 2 LETTERS "US"(UNITED STATES) THEN "MABA+US" =MABAUS..DROP A(REPEATED LETTER) THEN MABUS

THIS IS MY VIEWS ON NASTRODAM PREDICTION IF MY VIEWS CORRECT, THEN HE IS THE REASON FOR GLOBAL WARS ....GOLD WARS..IN COMING DAYS.

NOT ONLY FOR ECONOMICAL , MAY BE IN OTHER THINGS ALSO.LIKE REVOLUTIONS,SOME GLOBAL THREAT....

I WILL TRY FOR THE OTHER MATTERS,

ESWAR

My astro friend,
financial astrologer
Gabriella Mittelman



Gabriella Mittelman has been an Astrologer and Numerologist for over 25 years, lately specializing in Financial astrology. Her career and education were in the tourist business, where she worked as Sales and Marketing Manager. With the outburst of the Intifada, she dedicated herself completely to Astrology.
http://www.astroworld.co.il/
http://www.astroworld.co.il/default.asp?iId=KDHLI

STOCK MARKET FORECAST BY KPASTROAKELLA

Dearest family members, followers,friends,readers,Devotees,

I wish you all a happy and prosperous Deepavali. May God bless you, on this celebratory festival of lights, with the knowledge of Him who is immaculate, that burns the darkness called ignorance, the realization about our relationship with Him that burns our faithlessness towards Him and the strength to stick to His holy feet that burns all our sins. May this Deepavali bring you all a new life, a new world and a new dawn! With warm wishes........

ESWAR

STOCK MARKET FORECAST BY KPASTROAKELLA

stock markets Vs planets

msg for 27 oct 2008

Good morning all. Happy Diwali.

Now in the zodiac the bad planetary transit not yet over.In my previous post i have explained the bad aspects of planets.In my lost article i have given downside figs of BSEsensex.on Friday the sensex reached 8700 level . which is nearest to my astrological expectations.see my previous article. i am expecting those down side points in sensex in coming trading day.ie:8000-8,500 between BSEsensex fig .And nifty will touch 2325 soon.if not get support at this levels, we can expect BSE sensex 7800 &Nifty at 2000 levels before November 6th

according to my astrological views the Saturn opposition with Uranus getting strength , means now Saturn close opposition taking place ,which may indicates loss of Saturn’s strength. Saturn rules crude oil. so the crude price will drops up to 60% from its high.the high price of crude we have seen $147.50 per barrel. So crude will touch $60 soon. if at this level not get support, according Fibonacci charts,the next supporting level is $50 per barrel.we can expect these price in coming days.

in my previous post i have given low price of gold, which is $650 per ounce. now gold trading at $720-730 between . A temporary upward showing according to Jupiter transit. But when Pluto enters into Capricorn, at that time gold price will drop again . my expectation in November 2008 gold price will come down to $650.MERCURY transiting between two malefic planets.and sun ingress in Scorpio which may shows silver price stability at $8-9 between.

but transit jupiter not forming any angles with natal crude chart planets. if Jupiter do miracles , gold will be $600 &crude will be reach $25 per barrel.let us see what will happen in coming days.

THE NATAL &TRANSIT CHART OF NSE
The transit planets indicating new bottom levels on 27th oct 2008 in NSE.

STOCK MARKET FORECAST BY KPASTROAKELLA

Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions.

STOCK MARKET FORECAST BY KPASTROAKELLA
24th oct2008
The panic day in Indian stock markets.investors called as blood bath day or black Friday in stock markets.
astrology only finds the truth, why stock markets facing these struggles.

In my previous post i have explained, if any malefic planet transit in 29* gives most worst results.Now the death planet PLUTO transited in 29*of Sagittarius.semi square Mars with Pluto.MERCURY square with Jupiter.MARS square with Node.Saturn opposition with Uranus.All these major bad aspects creating panic in stock markets.the Pluto creating fear in investors .The business &trading planet Mercry,sited between two malfic planets saturn&Mars.And MOON square with venus ,The Sun transit in scorpio.all these major planetary bad aspects &transit supporting to markets fall .

STOCK MARKET FORECAST BY KPASTROAKELLA











The negative aspects of planets showing a huge fall in stock markets on Thursday&Friday.THE CHART IS FOR BOMBAY STOCK Exchange

STOCK MARKET FORECAST BY KPASTROAKELLA

STOCK MARKET FORECAST BY KPASTROAKELLA

According to astrological theories,when ever a planet transits in 29*,in a sign, that planet offers worst results in mundane matters. now in natural zodiac the Pluto transiting in 29*of Sagittarius.and the natural financial lord Jupiter also transiting in Capricorn(debilitated sign).the death &debt planet kills Jupiter power.the node transiting in Aquarius.which is 11th sign in natural zodiac. and Saturn opposition with Uranus getting strength.the business planet Mercury transiting in Libra, but hemmed between two malefic planets.Venus moving towards Pluto,and conjunct with Jupiter and Pluto soon.bcoz of these bad transits of planets the world markets may reach again their new bottom levels soon.i am expecting the worse may continue till 1st week of November.after 6th November the world markets may get some relief.before that the Indian stock markets ,ie:BSE sensex may comedown to 8.5 or 8k soon.after reaching this point again markets moves upward.in my views if sensex reach this bottom level again markets bounces back after 6th November. sensex may gain 3k points in the month of November.now crude will reach $60/61 per barrel.at this point crude get support.now gold coming down day by day. we can expect gold may reach $650 per ounce in coming weeks .if once reach this level good buying will start.

these are my astrological views only.no technical s taken in to consideration.

kpastroakella

STOCK MARKET FORECAST BY KPASTROAKELLA

prediction for 22 oct 2008 Asian markets.as well as Indian markets

According to natural zodiac:today The SUN&Pluto are in EXACT 60* ASPECTS.MOON SEXTILE WITH VENUS.VENUS TRANSIT IN SAGITTARIUS IN KETHU'S CONSTELLATION .WHICH MAY CONTROL MARKETS UPWARD MOTION.BE CARE ALL. TODAY IN ASIAN MARKETS SOME FALL INDICATING BY PLANETS.EVEN MERCURY IN DIRECT,ANOTHER BAD ASPECT OF SUN &PLUTO CREATES SOME FEAR IN MARKETS.DON'T GO FOR FRESH INVESTMENTS.STAY AWAY FROM MARKETS TODAY.

“PREVENTION IS BETTER THAN CURE”

kpastroakella

STOCK MARKET FORECAST BY KPASTROAKELLA
MSG FOR 20/10/2008(MONDAY)

Hi good morning all.hope markets may be some what positive today.a good buying significance showing in Asian markets as well as in Indian markets.but this upward trend may start in slow. a good buying will be start in Indian markets.nifty will be rise by new buyings in 2nd of session.but we can observe this in a particular shares only.there is some short covering also take place. any way some what better than last trading day.

FOLLOW MARKETS ACCORDING YOUR INDIAVIDUAL CHART READINGS .DONT GO FOR NIFTY SHORTS TODAY.

STOCK MARKET FORECAST BY KPASTROAKELLA

STOCK MARKET FORECAST BY KPASTROAKELLA
msg for 17th stock markets.

Good morning all. MERCURY turned into direct motion.because of stationary to direct,16th oct 08 also markets in down trend.but on 17th 0ct 08 Mercury moves in direct.Hope stock markets will be get support from investors.so markets in upward motion.we have seen this MERCURY direct motion influence on US stock markets today. in Indian markets also recovery started from day's bottom levels. but because of mercury stationary Indian markets not get full support from investors &bulls.hope today market will get support from investors&bulls.but Pluto bad influence on markets still there.so markets will be in normal position. from Nov 6th 08 markets will get full support from planets. upto 15th December. markets will be in green.hope nifty may reach 3700 fig before end of this month.

with best wishes

kpastroakella

STOCK MARKET FORECAST BY KPASTROAKELLA

MERCURY DIRECT MOTION INFLUENCE ON STOCK MARKETS

The Dow and NASDAQ indexes ended in green. today after seen the new bottom levels,the DOW recovered its day's loss points and ended in +++ve points .

Dow Jones Industrial Average
8,979.26 +401.35 / +4.68% Oct 16 4:04pm ET † Open: 8,577.04 High (day): 9,013.27 Low (day): 8,197.67 YTD%Change: -32.31% Volume: 420,089,485.00 Prev. Close: 8,577.91 52-Week Range (Low - High): 7,882.51 - 14,012.84

Nasdaq Composite Index 1,717.71 +89.38 / +5.49% Oct 16 4:20pm ET † Open: 1,644.55 High (day): 1,717.72 Low (day): 1,565.72 YTD%Change: -35.24% Volume: 2,682,368,524.00 Prev. Close: 1,628.33 52-Week Range (Low - High): 1,542.45 - 2,861.51

IN INDIAN MARKETS ALSO TODAY AFTER HUGE FALL THE BSE SENSEX RECOVERD 550 POINTS.BUT ENDED IN RED.

STOCK MARKET FORECAST BY KPASTROAKELLA

MERCURY DIRECT &STOCK MARKETS UPWARD
According to astrology when ever MERCURY turns in to retrograde, and sit between two malefic planets,generally markets will face down ward trend.if mercury turns into direct again markets will be in positive direction. this rule applied in present world stock markets trends.but when this retrograde Mercury cross its retrograde starting point(degree) in direct motion then only markets
will be in clear positive. before that markets may face frequent ups&downs. after crossing its retrograde starting point( degree) then all markets turn into positive. now we can observe this rule in current market trends.

But if any other bad aspects or combination's works strongly then this direct MERCURY WILL NOT GIVE POSITIVE RESULTS. IF MARKETS FALL EVEN AFTER MERCURY DIRECT MOTION , THAT IS THE REASON OF OTHER PLANETARY BAD INFLUENCE ONLY , BUT NOT BY MERCURY.

STOCK MARKET FORECAST BY KPASTROAKELLA

GOOD MORNING ALL.CERTAINLY GOOD DAY FOR INDIAN MARKETS.DONT RUN AWAY.WATCH THE TREND.NO DOUBT U MAY GAIN SOME THING.TODAY THE INDIAN MARKETS RECOVERY WILL BE TAKE PLACE AFTER HITTING BOTTOM LEVELELS.

BSE SENSEX TESTS 10,000 LEVEL TODAY. AFTER THAT RECOVERY WILL BE START.

I AM EXPECTING IN US MARKETS ALSO SOME RECOVERY FROM TODAYS LOW LEVELS.

STOCK MARKET FORECAST BY KPASTROAKELLA
msg for 15th oct 08

good morning all. but certainly bad day for Indian markets.because MERCURY going to direct today night.now his immediate move is stationary.test markets strengths as well as investors patience.don't panic.We are not in US. we are in INDIA.if u r long term investor then go and take rest don't see present market trends.if u r day trader avoid trading.book ur profits 50%.in longs.wait and see .nifty may test 3450 level today.but before going to lows we need nifty 3700 fig.let us see.but not today.hope that fig may comes in this month.every thing is possible in Indian markets.now the WORLD markets following Indian markets.keep Indian markets at a good level.the world markets also in positive then.that is India's position in the WORLD.

STOCK MARKET FORECAST BY KPASTROAKELLA

BREAKING
NEWS

Dow and S&P flatline and Nasdaq falls 3.5% as initial enthusiasm over U.S. bank bailout plan fizzles.

DOW 9310.99(-76.62) NASDAQ 1779.01(-65.24)



graphs:cnnmoney
curtsy to cnnmoney

STOCK MARKET FORECAST BY KPASTROAKELLA

100 years of financial disasters

This isn't the first financial meltdown, and it won't be the last. But we are a fast-learning species, and we've figured out a few ways to cope along the way.

Panic of 1907

Problem:A series of bank runs, a stock market crash, and deep recession. Banker J.P. Morgan finally brought together financial leaders to halt the panic.

Outcome: Congress established America's first true central bank, the Federal Reserve System, in 1913 in the hope of preventing such panics.

By Beth Kowitt and Justin Fox

NEXT: Great Depression

Great Depression

Problem: First came the stock market crash of 1929. A year later a wave of bank failures began that didn't end until Roosevelt took office in 1933. GDP dropped 26% and unemployment hit 24%.

Outcome: The FDIC, the SEC, and a host of new institutions and financial regulations.

NEXT: 1970s inflation

1970s inflation

Problem: The country's only great peacetime inflation, sparked by an oil embargo, the breakdown of the Bretton Woods monetary system, and poor Fed decisions.

Outcome: New Fed chairman Paul Volcker cracked down, bringing on a deep recession.

NEXT: Japan's lost decade

Japan's lost decade

Problem: After a spectacular 1980s boom, Japan's real estate and stock markets crashed, throwing the economy into a prolonged malaise.

Outcome: Early denial of the problem by the Japanese government taught policymakers elsewhere the value of responding quickly and decisively.

NEXT: Asian contagion of late 90s

Asian contagion of late 90s

Problem: The collapse of the Thai baht in 1997 sparked a crisis that spread across East Asia. The International Monetary Fund stepped in to help, but its draconian terms brought widespread criticism.

Outcome: A still-unresolved debate about how currency crises should be managed.

source:cnnmoney
courtesy :fortune magzine&cnn money.com

(for financial astrologers research purpose i was posted this article here)

stock market forecast by kpastroakella

hi.all
The world markets ready to recover their losses,what they lost in 1st week of October 08.its true.but one more day is balance for real upwards to stock markets.Because the trading planet MERCURY still in retrograde.Mercury comes into direct on 15th night only.up to that time traders&investors not involve completely in stock markets.we can observe this in Indian markets today.even Indian markets open with high volumes,they may not stand there,after some time the indexes may fall.

But today in US markets we can't expect major ups. but compare to last day today is very low gains.The DOW index may gains by opening 300-500. I am not expecting further ups today. NASDAQ may gains by opening 40-80 points .

will dow and nasdaq stay above to previous close with opening gain points?not sure. bcoz of retrograde mercury ,saturn uranus opposition aspects,venus transit in scorpio ,
moon transiting Aries trine with pluto,sun opposition moon, these major aspects may pull down markets again.but mercury is in last deg in retrogration, which may comes in direct 15th( tomorrow.)which is showing something better than worse.hope markets may close in green today.if not close in green ,we expect after 15th only markets in positive trend.in my last post i expressed my views on stock markets. after 15th only stock markets in clear picture.hope the present stock markets crises may end here only.AFTER 15TH the US & world stock markets turn into positive.

stock markets bouncing back

STOCK MARKET FORECAST BY KPASTROAKELLA
in my last post ,i have expressed my views on stock markets according to planetary transits.my views came true .today the Asian markets started their recovery. The indian markets BSEsensex gained 800 points,and NSE gained 225 points(provisinal).

I am expecting US markets also start their recovery today.

The world markets may be recovers last week loosing points in this week.but the financial crises not yet over. from 15th oct only some stability will come in stock markets. After November 6th markets in positive mode.before that stock markets in recovery mode only. the markets may prepare for mediam highs upto 15th dec 08, after 15 th dec some minor falls i am expecting in world stock markets again.

AGAIN IN GOLD MARKETS SOME UPWARD TREND I AM EXPECTING, BEFORE THAT GOLD MAY DROP BELOW $840, IF NOT CROSS THIS POINT , WE CAN EXPECT RISE IN GOLD. THAT RISE WILL BE UPTO $940 IN THIS MONTH.
IN MY PREVIOUS POST I HAVE MENTIONED CRUDE WILL BE $88 TO $98 IN 2ND WEEK OF OCTOBER, BUT CRUDE DROPED BELOW $80, THIS DROP MAY LEAD FURTHER UPS. SO I AM EXPECTING CRUDE MAY BE CROSS ONCE AGAIN $100 IN THIS MONTH.

STOCK MARKET FORECAST

STOCK MARKET FORECAST BY KPASTROAKELLA
kpastro_akella2000: GOOD MORNING EVERY ONE. WELCOME BACK. THE MARKETS ALSO BOUNCE BACK.HAAAHAAHHAHH
YES, ACCORDING TO PLANETARY TRANSITS IN THE ZODIAC ,SUN SQUARE WITH JUPITER ENDED,SUN READY TO MOVE FOR HIS CONJUCTION WITH JUPITER, WHICH INDICATES A POSTIVE TREND IN WORLD STOCK MARKETS.AND MERCURY COMES INTO DIRECT ON 15TH OCT, MARS ASPECTS PLUTO ALSO ENDED.BCOZ OF THIS BAD ASPECTS THE WORLD MARKETS WENT UPTO THIER BOTTOM LEVELS.I HAVE MENTIONED IN MY PAST MSGS, OCT 6TH/7TH ARE WORST PERIODS FOR MARKETS.THAT BAD INFLUNCE EXTENDED ONE MORE 5DAYS.UPTO 12TH OCT. NOW THE WORLD STOCK MARKETS TRY FOR RECOLLECTING THEIR LOSSES WHICH THEY LOST IN OCT 1ST WEEK.HOPE INDIAN MARKETS ALSO TURN INTO POSITIVE TREND SOON.WE CAN EXPECT THIS TODAY ONWARDS.BUT BECARE, AFTER 15TH ONLY MARKETS IN CLEAR PICTURE. WAIT UPTO THAT DAY.

HOPE ALL WORLD MARKETS RECOVERY SOON

stock market forecast: STOCK MARKET FORECAST BY KPASTROAKELLA

A shocking series of events that forever changed the financial markets.

STOCK MARKET FORECAST BY KPASTROAKELLA

Sunday, Sept. 14 - Trouble brews

Merrill Lynch Chief Executive John Thain (left) and Bank of America CEO Kenneth Lewis sit during a news conference announcing the acquisition.

News that Lehman Brothers was on the brink of collapse and scrambling for a buyer first surfaced on Friday. But by Sunday, there were still no suitors for the 158-year old investment bank, and bankruptcy seemed inevitable. Indeed, just after midnight, in Monday's early hours, the firm officially announced its intention to file for Chapter 11.

Equally as staggering, just hours after reports surfaced that Bank of America broke off of talks to buy Lehman, BofA unleashed the news that it would pay $50 billion to scoop up Merrill Lynch, another iconic Wall Street name.

As if that weren't enough, American International Group, the nation's largest insurer, said that it planned to sell some of its troubled assets in order to raise cash and boost investor confidence.

Concerns about the credit crisis grew increasingly dire, even though the government had already pledged to backstop Fannie Mae and Freddie Mac up to $200 billion just one week ago, and months earlier engineered JP Morgan's purchase of Bear Stearn's with a $29 billion guarantee.

But it looked like that wouldn't be enough, so Sunday afternoon the Federal Reserve, along with 10 banks, announced a $70 billion pool of funds to aid troubled financial firms. The U.S. central bank also loosened its lending restrictions.

By CNNMoney.com staff

NEXT: Monday, Sept. 15 - The collapse

Monday, Sept. 15 - The collapse

As traders sold off stocks on the weekend's dour news, rumors began to circulate that AIG was struggling to raise enough capital to fend off a downgrade. As a result, New York Governor David Paterson bent intra-corporation lending rules, allowing the company to loan itself $20 billion from a subsidiary.

In the worst day on Wall Street in seven years, the Dow Jones industrial average tanked more than 500 points after Lehman Brothers' epic collapse of the buyout of Merrill Lynch

By Monday night, AIG was in fact hit with a downgrade, as Fitch bumped the insurance group down a notch. With $1.1 trillion in assets and 74 million clients in 130 countries, investors feared AIG's collapse would severely hurt consumers and further tighten already strangled credit.

Also Monday, news cropped up that the nation's largest savings bank, Washington Mutual was in search of a white knight.

NEXT: Tuesday, Sept. 16 - The Fed steps in

Tuesday, Sept. 16 - The Fed steps in

The Federal Reserve, Washington D.C.

Stocks saw another sharp drop on Tuesday morning as worries mounted that the financial system was broken beyond repair. Investors poured money into bonds, and the yield on the benchmark 10-year Treasury note fell to a 5-year low.

Next, several rock-solid money market funds began to falter, dipping below the $1 per share benchmark.

Meanwhile the Fed was scheduled to meet on Tuesday afternoon. Wall Street analysts, who just a week ago expected the Fed to hold rates steady, began to anticipate a rate cut. But the central bank chose not to succumb to panic and unanimously decided to hold rates steady at 2%.

Markets cheered the decision, and the Dow jumped 140 points at the close.

After the bell, British bank Barclays agreed to buy up $2 billion worth of Lehman's brokerage assets and real estate holdings, and Morgan Stanley reported better-than-expected earnings.

But the big news came later that night when the government announced that it would stage a staggering $85 billion bailout of AIG, and take an 80% stake in the company.

NEXT: Wednesday, Sept. 17 - Another free fall

Wednesday, Sept. 17 - Another free fall

An employee exits the American International Group building in New York on Wednesday after the government bailed out the insurance company.

Investors gave an enormous thumbs-down to the AIG news, sending stocks plummeting, while traders piled funds into safer havens. Gold rose $70, a new record. Oil rose $6, its second-largest jump ever. And the yield on the three-month Treasury sank to 0.02%, the lowest level since 1940.

The Dow dropped 450 points by the end of the day, dragged down by bank stocks in a tail-spin. Despite reporting better-than-expected results, Goldman Sachs shares dipped below $100 a share for the first time since 2005. Morgan Stanley took a tumble as well, as rumors circulated that it would merge with troubled bank Wachovia.

Many Wall Street analysts blamed the stock market's collapses on so-called "naked" short sellers, who short stocks without ever buying the security. Subsequently, the U.S. Securities and Exchange Commission stepped in and banned naked short selling.

NEXT: Thursday, Sept. 18 - The bailout

Thursday, Sept. 18 - The bailout

Treasury Secretary Henry Paulson (center) leaves after a meeting with Congressional leaders at the U.S. Capitol Thursday night.

With a crisis on its hands, the Fed convinced five other central banks around the world to invest a total of $180 billion in global financial markets.

Meanwhile, AIG was tossed out of the Dow Jones industrial average and replaced with food giant Kraft.

The stock market soared towards the close of the session, with financial stocks rebounding. The Dow added more than 400 points on rumors that an even more extensive federal bailout of the banking industry was in the making. Investors cheered early these reports that the Treasury would create an independent federal agency to take bad loans off bank of balance sheets.

Late Thursday night, Treasury Secretary Henry Paulson met with Congressional leaders to hammer out the details of a large-scale bailout.

NEXT: Friday, Sept. 19 - The confidence boost

Friday, Sept. 19 - The confidence boost

President Bush, with Federal Reserve Chairman Ben Bernanke, U.S. Treasury Secretary Henry Paulson and SEC Chairman Christopher Cox, spoke at the Rose Garden Friday.

As Wall Street eagerly awaited the details of Secretary Paulson's plan, the SEC took what it called "emergency action" Friday morning and temporarily banned investors from short-selling 799 financial companies.

The Treasury also said it would insure up to $50 billion in struggling money market fund investments at financial companies, guaranteeing that the funds' value will not fall below the standard $1 a share. The Fed also said it would make unlimited funds available to banks to finance purchases of asset-backed commercial paper from money market funds.

In a press conference, Treasury Secretary Paulson outlined the government's plan to put up hundreds of billions of dollars to help stem the crisis, saying "the financial security of all Americans ... depends on our ability to restore our financial institutions to a sound footing."

Later, President Bush held a separate press conference, flanked by Paulson, SEC Commissioner Christopher Cox and Fed chief Ben Bernanke, saying it was "essential" that the government step in to save the economy.

Investors cheered the moves, sending stocks soaring throughout the day.

Although the U.S. government had set various bailouts in motion to the tune of roughly $1 trillion, investors finished the week with renewed confidence that Wall Street may be broken - but not beyond repair.

Saturday, Sept. 20 - The plan

The president, speaking in the Rose Garden, outlines plans for a massive package aimed at stemming the financial bloodletting.

Congress got the proposed legislation in the overnight hours. The bottom line: The administration was asking for $700 billion to buy troubled mortgage assets and get the financial system flowing again.

"It is a big package because it's a big problem," President Bush told reporters at a morning news conference. "The risk of doing nothing far outweighs the risk of the package."

The Democrats who run Congress initially indicated they were receptive to the Treasury proposal. But as the day wore on, there was a theme sounded by the leadership.

Democrats will seek to "insulate Main Street from Wall Street and keep people in their homes by reducing mortgage foreclosures," said House Speaker Nancy Pelosi, D-Calif., indicating her party would seek other actions aimed at benefiting taxpayers.



NEXT: Sunday, Sept. 21 - The end of an era

Sunday, Sept. 21 - The end of an era

Treasury Secretary Henry Paulson appeared on ABC's 'This week' Sunday.

A week after the collapse of Lehman Brothers and the sale of Merrill Lynch put the cogs in motion, Secretary Paulson was on the Sunday morning talk shows pitching his $700 billion bailout proposal.

"The biggest help we can give the American people is to stabilize our financial system right now and to prevent the system from clogging up, because if it does clog up, this is going to have an adverse effect on people's abilities to get jobs, on their budgets, on their retirement savings, on lending for small businesses," Paulson said on ABC's "This Week."

Still, the Democrats said the plan lacked necessary safeguards for taxpayers and homeowners.

"We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome," Speaker Pelosi said.

But even as the details of the bailout were being hammered out, there were yet more staggering developments in the crisis, effectively ending an era on Wall Street.

Late in the day came the news that Goldman Sachs and Morgan Stanley, the two remaining independent Wall Street investment banks, would be converted into traditional bank holding companies, which will increase their regulation by the federal government.

The move was designed to prevent the storied brokerage firms from suffering the same fate as Lehman and Bear Stearns, by giving them access to cheaper, and more stable sources of funding from the retail banking business and from the Federal Reserve.

NEXT: Monday, Sept. 22 - Second thoughts

Monday, Sept. 22 - Second thoughts

Traders crowd the post that handles Morgan Stanley on the floor of the New York Stock Exchange, Monday Sept. 22, 2008.

On Monday morning Wall Street woke up to a new world order, and it wasn't happy. Late Sunday night, the news emerged that Goldman Sachs and Morgan Stanley would change their status to bank holding companies, giving them access to Federal funds to help buoy them, and effectively bringing to an end Wall Street as we know it.

A day after its status change, Morgan Stanley announced it agreed to sell up to a fifth of the company to Mitsubishi UFJ Financial Group, one of Japan's largest banks.

Meanwhile, news of the massive federal bailout that was greeted with relief on Friday, sending the Dow up 369 points, began to sink in, and questions emerged. Taxpayers were enraged that Wall Street fat cats would get a handout while ordinary citizens were left to flounder. Members of Congress on both sides of the aisle began gearing up for Tuesday's hearing, expressing concern at the notion of handing Treasury a blank check, and at the plan's lack of oversight.

The markets expressed their own dismay, with the Dow closing down 373 points as investors fretted about the bailout. The dollar was crushed, posting its biggest single-day drop in four years as traders absorbed just how diluted the bailout would leave the U.S. currency. Meanwhile, oil surged more than $25, its biggest dollar gain ever, to $130 a barrel before settling at $120 as big investors scrambled to fill obligations as the October contract expired.

NEXT: Tuesday Sept. 23 - A spirited debate

Tuesday Sept. 23 - A spirited debate

Committee Chairman Sen. Christopher Dodd, D-Conn., (left) and ranking member Sen. Richard Shelby, R-Ala., (right) listen as Federal Reserve Board Chairman Ben Bernanke and Chairman of the Securities and Exchange Commission Christopher Cox testify on Capitol Hill.

Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke went before the Senate Banking Committee to defend the Bush administration's bailout plan in a spirited debate. The two faced strong criticism from both Democrats and Republicans who argued that the program needed more restrictions.

Sen. Richard Shelby of Alabama, the top Republican on the committee, said the government's previous efforts to save mortgage giants Fannie Mae and Freddie Mac, as well Bear Stearns, show the limitations on attempts to fix markets.

"You can't assure us this will work because you thought the other plans would work," Shelby said.

Sen. Jim Bunning, a conservative Republican from Kentucky, said that he could not support the proposal.

"It will not help struggling homeowners pay their mortgages. It will not bring a halt to the slide in home prices," Bunning said. "This massive bailout is not a solution. It's financial socialism and it's un-American."

Lawmakers were also concerned about the program's risk to taxpayers. But Bernanke stressed that most or even all of what the government spends to buy the assets would be recovered when the assets are eventually sold.

Drafts of counterproposals emerged from both chambers, led by Chris Dodd, D-Conn., in the Senate and Barney Frank, D-Mass., in the House. They want the government to get an equity stake in the companies it helps; more assistance for those at risk of foreclosure; more oversight of the program; and curbs on compensation of executives of participating companies.

There was also some good news. After the market close, Goldman Sachs announced that it will raise capital by selling $5 billion of preferred stock to Warren Buffett's Berkshire Hathaway.

NEXT: Wednesday, Sept. 24 - Closer to a deal

Wednesday, Sept. 24 - Closer to a deal

Reporters interviewed House Financial Services Committee chairman Rep. Barney Frank, D-Mass., Wednesday after Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke were grilled about the rescue plan.

Well before the markets opened, the Fed announced that it would flood the system with even more cash, making $30 billion available to the central banks of Australia, Denmark, Norway and Sweden.

Back in Washington, the debate about the Bush administration's proposed $700 billion bailout raged on, this time in front of the House Financial Services Committee, which grilled Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke over the plan's details.

Progress was reported toward an agreement. Paulson agreed that the bill should curb executive compensation at firms that sign up for the rescue plan, one of the Democrats' key demands. But he remained opposed to allowing bankruptcy judges to change mortgage terms because it's "inconsistent with what we're trying to do, which is increase the flow of funds."

Still under discussion was whether the government should get an equity stake in companies that participate in the plan, and whether the government will encourage foreclosure prevention for the troubled loans it purchases.

Members of Congress demanded to know how they could justify a bailout to their enraged constituents.

President Bush made a televised speech Wednesday night to make the case for his plan. "We are in the midst of a serious financial crisis," he said. "Our entire economy is in danger."

NEXT: Thursday, Sept. 25 - Deal, or no deal

Thursday, Sept. 25 - Deal, or no deal

President Bush met with congressional leaders at the White House Thursday, including House Minority Leader John Boehner, R-Ohio (left), Speaker of the House Rep. Nancy Pelosi, D-Calif., and Senate Majority Leader Sen. Harry Reid, D-Nev, to discuss the proposed bailout.

Early in the afternoon, key lawmakers announced that they had reached an agreement on a set of principles for legislation in order to enact the Bush administration's proposal. Markets soared as investors believed the bill would soon be signed.

The proposal would help homeowners, curb executive pay packages at participating firms and provide oversight of Treasury's actions. The Treasury would receive the $700 billion in installments and would also get an equity stake in the companies being helped by the bailout.

A few hours later, when Congressional leaders and presidential nominees Barack Obama and John McCain met with President Bush and Secretary Paulson at the White House, the negotiations broke down, revealing a split between Democrats and House Republicans.

House Republicans issued a statement of economic rescue principles that called for Wall Street to fund the recovery by injecting private capital - not taxpayer dollars - into the financial markets. The plan also called for participating firms to disclose the value of the mortgage assets on their books, ending Fannie Mae and Freddie Mac's securitization of "unsound mortgages," reviewing the performance of the credit rating agencies, having the SEC audit failed companies to ensure their financial standing was accurately portrayed, and creating a panel to make recommendations for reforming the financial industry by year's end.

Late-night talks between lawmakers and Treasury Secretary Henry Paulson failed to end in agreement, shattering any hopes of a clean, bipartisan legislative effort, and putting in jeopardy chances of passing a bill by the end of the week.

Then, in another stunning event, Washington Mutual collapsed late Thursday night, marking the biggest bank failure in history. But after the troubled thrift was seized by the FDIC, federal regulators helped orchestrate a deal in which JPMorgan Chase paid $1.9 billion for WaMu's assets.

NEXT: Friday, Sept. 26 - Back to the bargaining table

Friday, Sept. 26 - Back to the bargaining table

Sen. John McCain, R-Ariz. and Sen. Barack Obama, D-Ill., squared off in the first presidential debate Friday night, where the economy was front and center.

Wall Street was a grim scene Friday morning. Stocks were looking at a tough session after news of Washington Mutual's collapse the night before and fears that partisan bickering would further delay the Bush administration's $700 billion financial rescue plan.

Capitol Hill negotiators returned to the bargaining table Friday to work on details of the plan, while President Bush and leading lawmakers offered assurances that Congress and the administration would hammer out a deal.

Stocks stumbled through much of the day, but they rallied toward the end of the session on news that bailout talks has resumed, with Republicans and Democrats working towards a compromise. Investors positioned themselves for a Monday rally, on the hopes that a deal would be made by Sunday.

For a time, the first presidential debate that was scheduled for Friday night hung in the balance. Sen. John McCain, R-Ariz., said that working on the bailout was more important than campaigning, and he decided to return to Capitol Hill to help work on a plan. But Sen. Barack Obama, D-Ill., said there was no need to cancel or postpone the debate.

In the end, the candidates decided to go ahead and face off at the University of Mississippi, where the nation's economic crisis took center stage early on.

NEXT: Saturday, Sept. 27 - Bailout breakthrough

Saturday, Sept. 27 - Bailout breakthrough

Speaker of the House Nancy Pelosi, D-Calif., Secretary of the Treasury Henry Paulson, right, Senate Majority Leader Harry Reid, D-Nev., left, announce a tentative deal on legislation regarding the financial crisis.

After a late-night bargaining session, negotiators resumed talks Saturday afternoon over the $700 billion bailout plan with fewer than a dozen "unresolved issues" remaining, according to a senior administration official.

Signs of progress appeared early on from both Republican and Democratic lawmakers who said they were shooting for a deal by Sunday.

But a group of House Republicans said they would not be held to any "artificial timelines." Still, they remained confident a deal could be reached that helped the financial system but protected taxpayers.

Negotiators had talked by phone with billionaire investor Warren Buffett for guidance, and according to two sources, he warned if congress did not act, the nation would face the "biggest financial meltdown in American history."

Finally after midnight, congressional leaders said they reached a tentative deal and were aiming to craft final legislation by Sunday evening - in time for the start of financial markets around the world.

Key points included who would oversee the program, when the money would go out, government stakes in companies to mitigate taxpayer losses and curbs on executive compensation.

NEXT: Sunday, Sept. 28 - Hard-won agreement

Sunday, Sept. 28 - Hard-won agreement

(L-R) House Financial Services Committee Chairman Barney Frank D-MA, Senate Majority Leader Harry Reid D-NV, Speaker of the House Nancy Pelosi D-CA, and Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd D-CT, hold a news conference at the U.S. Captiol September 28, 2008 in Washington, DC to announce the final bailout agreement.

After days of intense negotiations on Capitol Hill, lawmakers unveiled the bailout's final legislation late Sunday afternoon. The bill calls for Treasury to buy as much as $700 billion in troubled mortgages and other assets from financial institutions, which was what Treasury Secretary Henry Paulson proposed when he first announced the plan on Sept. 18.

But the bill, which will go to the House for a vote on Monday and to the Senate on Wednesday, contains provisions addressing some of lawmakers' concerns about the burden that the bailout could have on taxpayers.

The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury's use. And although experts expect Treasury to be able to sell the troubled assets for more than they bought them for, the bill says that the president must propose legislation to recoup money from the financial industry if the rescue plan results in net losses to taxpayers at the end of five years.

In addition, Treasury would be allowed to take ownership stakes in participating companies. The legislation also requires the government, as the owner of mortgage loans, to try to modify more troubled loans. There will be limits on executive compensation for participating companies, and two oversight board established to guide the program.

As history was unfolding in Washington, there was yet more drama developing. In Europe, Dutch-Belgian bank and insurance giant Fortis NV received a 11.2 billion euro ($16.4 billion) lifeline by authorities in Belgium, the Netherlands and Luxembourg. And on Wall Street, a bidding war erupted for the troubled bank Wachovia between banking giants Citigroup and Wells Fargo.

NEXT: Monday, Sept. 29 - Crushing defeat

Monday, Sept. 29 - Crushing defeat

A trader takes a break as the Dow Jones Industrial Average plummets Monday, Sept. 29, 2008, in front of the New York Stock Exchange in New York.

In a stunning development, the House of Representatives voted down the $700 billion financial bailout plan by a 228-205 margin after working days to hash out an agreement. Two-thirds of Republicans and one-third of Democrats voted against the measure.

The defeat shocked the world, following pledges by leaders of both parties to work together to avert economic disaster. Markets in the U.S. and abroad reacted with alarm. The Dow plunged 777 points, its largest one-day point drop ever, while Japan's Nikkei lost 4%, Australia's markets fell 4.3% and Taiwan's stocks retreated 3.6%.

It was unclear how Congress would proceed with the legislation.

Earlier in the day, Citibank agreed to buy Wachovia bank's assets for $2.2 billion in an FDIC-arranged deal, while Lehman Brothers sold its Neuberger Berman investment management unit to a pair of private-equity firms for $2.15 billion.

Additionally, a federal grand jury launched an investigation into accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance giants that were taken over by the government earlier this month.

NEXT: Tuesday, Sept. 30 - Rebound

Tuesday, Sept. 30 - Rebound

Trader watches the numbers as he works on the New York Stock Exchange floor. Dow industrials finish up 485 points.

After getting smacked down by the sudden defeat of the bailout plan in the House, stocks made a comeback as investors bet that lawmakers would eventually agree on a plan to rescue the economy.

The Dow Jones industrial average rose a whopping 485 points, making up much of the historic 777 point loss in the previous session.

But the credit markets remained frozen. And several closely watched measures of bank lending fear hit all-time highs, as firms continued to hoard funds.

Most of the gains came late in the session after the Federal Deposit Insurance Corporation said it wants to temporarily increase the amount of money it can insure.

The agency's request to raise its $100,000 insurance limit was aimed at making anxious businesses and consumers less likely to withdraw funds from struggling banks. It was also seen by many as an attempt to sway critics of the $700 billion bailout plan.

House lawmakers adjourned for the day in observance of the Jewish New Year. President Bush, meanwhile, took to the airwaves to express his disappointment in the bailout's failure.

"Our economy is depending on decisive action from the government," Bush said. "The sooner we address the problem, the sooner we can get back on the path of growth and job creation."

The bill was set to head to the Senate Wednesday.

Wednesday, Oct. 1 - The first hurdle

Senate Majority Leader Harry Reid, D-NV, center, speaks alongside Sen. Chris Dodd, D-CT (L), Sen. Max Baucus, R-MT.,(2nd-L), Sen. Judd Gregg, R-NM, (2nd-R) and Senate Minority Leader Mitch McConnell, R-K, at a press conference following the Senate's vote on the financial sector bailout legislation.

With credit market gauges showing historically tight lending, investors again were fearful that the government's financial rescue plan would not make it through a widely anticipated Senate vote.

But lawmakers came through Wednesday night, as the Senate passed a modified version of the bill that the House of Representatives rejected on Monday.

The Senate version included a number of new provisions aimed at Main Street, and intended to attract more votes from House Republicans, two-thirds of whom voted against the initial bailout plan. The modifications include temporarily raising the FDIC insurance cap to $250,000 from $100,000, extending renewable energy tax breaks and another year of relief from the Alternative Minimum Tax.

The revised measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Presidential nominees Sens. Barack Obama, D-Ill., and John McCain, R-Ariz., voted in favor.

NEXT: Thursday, Oct. 2 - Wait and see

Thursday, Oct. 2 - Wait and see

Rep. Thaddeus McCotter, R-MI, speaks at a news conference held by House Republicans who remain opposed to the financial bailout package on October 2, 2008 in Washington, DC. (Photo by Brendan Hoffman/Getty Images)

The House took a day to mull the Senate's sweetened financial rescue bill before a Friday vote, and the legislation's prospects improved, although there were still hold outs (see photo, right).

Meanwhile, investors feared that the economy needed a boost beyond the government's plan. Economic reports showed signs of continued weakness Thursday. Weekly jobless claims soared to a seven-year high Thursday, alarming investors ahead of Friday's big monthly report. And factory orders slumped to a 2-year low.

Fearing a weakening economy would further quash demand for petroleum products, oil prices fell more than $4. The Dow closed down 348 points.

Fears of a recession only made the stranglehold on credit even tighter. Key measures of lending showed banks hoarding cash with an historically high aversion to risk.

As a result, analysts and economists began to predict that the Federal Reserve would cut its key funds rate by as much as a half percentage point to boost liquidity in the markets, in an attempt to stave off a recession.

NEXT: Friday, Oct. 3 - Bailout becomes law

Friday, Oct. 3 - Bailout becomes law

A man looks on beneath a Times Square news ticker announcing the Congressional bailout bill passage October 3, 2008 in New York City. (Photo by Mario Tama/Getty Images)

Just hours after the Labor Department reported the biggest drop in jobs in more than five years, the House finally passed a far-reaching plan to bail out the nation's financial system.

The 263-to-171 vote was the result of strong lobbying on the part of the White House and other supporters of the bill all week. After being amended by the Senate to include key sweeteners, including several tax breaks and an increase in the FDIC insurance cap to $250,000 from $100,000, members on both sides of the aisle agreed to switch their votes from "No" to "Yes." President Bush signed the bill into law later in the day.

Earlier Friday, Wachovia and Wells Fargo announced plans to merge, just four days after Citigroup said it would pay $2.2 billion for Wachovia's banking assets. Citigroup demanded that Wachovia and Wells Fargo terminate the proposed deal, valued at approximately $15.1 billion.

Banks weren't the only one scrambling for cash. California Gov. Arnold Schwarzenegger told the Treasury Secretary that the credit freeze had shut down funding for the state, which may need a $7 billion emergency loan from the federal government.

The Dow closed down 818 points for the week, it's worst week in seven years.

NEXT: Saturday and Sunday, Oct. 4-6 - Battle of the banks

Saturday and Sunday, Oct. 4-6 - Battle of the banks

Wachovia Corp's chief executive Robert Steel tried to complete a sale of the bank to Wells Fargo over the weekend.

The battle between Citigroup and Wells Fargo for Wachovia raged on over the weekend.

On Saturday, a New York State Supreme Court judge temporarily blocked the merger of the troubled bank with Wells Fargo.

That ruling was overturned on Sunday, but then Citigroup appealed the decision. Wachovia countered that the Wells Fargo deal would be better for shareholders and taxpayers, since the FDIC backstopped the original Citi deal.

Also Sunday, Massachusetts asked both the Treasury and the Fed for help in raising short-term funds amid the frozen credit markets. Much like the request made by California on Friday, Massachusetts wanted loans to help pay for state operations.

On Sunday night, bailout news began to emerge from Europe. The German government announced it would rescue Hypo Real Estate AG for $69 billion, and guaranteed all of its deposits.

And in a deal with the Belgian government, French bank BNP Paribas took a 75% stake in fast-sinking Belgian bank Fortis NV.

NEXT: Monday, Oct. 6 - A bigger lifeline

Monday, Oct. 6 - A bigger lifeline

Traders file out of the New York Stock Exchange Monday after stocks at one point dropped by a single-day record of 800 points.

As a stopgap until the Treasury's $700 billion financial rescue went into effect, the Federal Reserve announced Monday that it would double the amount of money it makes available to the nation's banks through auctions.

The Fed said it would make $600 billion available to banks through its Term Auction lending facility, and it signaled that number could increase to $900 billion later in the year.

But as investors realized that the government's bailout bill was not a cure-all, stocks went into a tailspin. The Dow sank a record 800 points before recovering somewhat, but it closed below 10,000 points for the first time since 2004.

Later Monday afternoon, Bank of America reported a 68% drop in profits and cut its dividend. The bank, which rescued both Countrywide Financial and Merrill Lynch in 2008, said it will raise $10 billion through a stock sale.

Meanwhile, Wells Fargo and Citigroup both agreed to a legal standstill in their battle for Wachovia.

NEXT: Tuesday, Oct. 7 - New kind of bailout

Tuesday, Oct. 7 - New kind of bailout

In yet another move to encourage lending between companies, the Fed announced a new program Tuesday that would help businesses by buying up their short term debt, also known as commercial paper.

The short-term lending market had frozen, and companies began to worry that they would not be able to get the loans necessary to pay their bills or make payroll. The Fed stepped in hoping to restore confidence to a corporate borrowing market that had shrunk by 11% in three weeks.

But the news didn't do much to unfreeze the credit markets. Several key measures only eased very slightly, while the yield on the 3-month Treasury momentarily jumped above 1% for the first time in two weeks.

In a speech that day before the National Association of Business Economics in Washington, Fed chief Ben Bernanke said the economic outlook had worsened, and the financial crisis will hurt the economy well into next year. He also implied that more interest-rate cuts were on the way.

Later, the Fed reported that borrowing by consumers fell in August for the first time in more than 10 years, as budgets tightened and credit became scarcer.

Investors didn't like what they heard, and stocks fell to five-year lows. The Dow tanked another 500 points.

NEXT: Wednesday, Oct. 8 - Global coordination

Wednesday, Oct. 8 - Global coordination

The Bank of England cut its rates by a half percentage point Wednesday as part of a global effort to slash rates.

With the credit crisis battering banks around the globe, European regulators stepped in early Wednesday. The Bank of England announced a plan to inject $43.7 billion into the banking system, and other European banks made billions of dollars of overnight funds available to banks.

Investors weren't impressed, and stocks fell worldwide. Then, in an attempt to boost economies around the globe, at 7:00 a.m. ET, the central banks of the United States, Canada, England, the European Union, Sweden and Switzerland announced a coordinated plan to cut interest rates.

The Fed cut its key funds rate to 1.5% from 2%, and most other banks slashed rates by a similar amount.

The plan was at first met with cheers, but then skepticism again took hold, and stocks fell. Credit market measures soared to all-time highs, signaling no change in the tight lending market.

NEXT: Thursday, October 9 - The search for a bottom

Thursday, October 9 - The search for a bottom

Specialist Justin Bohan holds his head as stocks plunged in the final minutes of trading Thursday, sending the Dow Jones industrials down more than 7 percent, to their lowest level in five years. (AP Photo/Richard Drew)

On Thursday, the Treasury Department said it was actively looking at buying equity stakes in some of the country's banks, in order to inject capital directly into the troubled financial system.

But the market registered a vote of no confidence anyway. The Dow closed down 687 points Thursday -- off over 2,200 in the previous seven trading sessions.

Credit remained in a deep freeze; the level of outstanding commercial paper fell by $56.4 billion, or 3.5%, in just the past week, to $1.55 trillion.

U.S. automakers were also on the ropes, after Standard & Poor's said that it was putting both GM and Ford on credit watch negative. Shares of GM closed down 31% to $4.76, while Ford fell nearly 22% to $2.08, effectively putting two American industrial icons on death watch.

NEXT: Friday, October 10 - Vertigo

Friday, October 10 - Vertigo

Traders on the floor of the New York Stock Exchange pause to watch President Bush speak. (AP Photo/Richard Drew)

President Bush addressed the nation and encouraged the American people to have confidence in the economy during a "deeply unsettling period" - but with the Dow losing nearly 700 points in the first five minutes of trading, that was an understatement.

It was a volatile day on Wall Street as further signs of economic distress emerged. At one point the Dow dipped below the 8,000 mark, but ultimately closed down 128 to 8,451.19.

Market bellweather GE reported a 22% drop in net income to $4.3 billion for the third quarter, in line with expectations. Earnings from continuing operations fell 10% to 45 cents per share while revenues grew 11% to $47.2 billion.

Oil prices plunged more than $9 to a 13-month low Friday on fears that the weakening global economy would drive down demand for oil.

And General Motors had to issue a statement denying that it was considering bankruptcy after its shares lost 31% on Thursday, when it closed at just $4.76, the stock's lowest price since 1950. GM shares ended Friday's session at $4.86.

Meanwhile, news emerged that House Democratic leaders are assembling a second economic stimulus package, which could cost as much as $150 billion, and will be geared toward helping struggling state and local governments.

The week wrapped with the finance ministers of the world's leading industrialized nations, the G-7, set to meet in Washington over the weekend to hammer out a plan of coordinated actions that will restore confidence and stability to world markets.

By CNNMoney.com staff

(source cnn money.com)
courtesy to cnnmoney team members.

kpastroakella.